Wasasa Microfinance Institution
Cash loan given to individual farmers with second-level land certification.
Product Overview & Scale
- Fsp NameWasasa Microfinance Institution
- Fsp ID100420
- As of Date10/1/14
- CurrencyUSD
- Product NameIndividual Loan for Agricultural Transformation
- CountryEthiopia
- Total Clients Bracket100,000- 500,000
- Product Clients Bracket<10,000
- Number of Product Clients254
- Percent of Total Clients that are Product Clients0%
- Average Loan Size Per Client693
- Average Loan Size Per Client693
Financial Structure & Pricing
- loan or product structure is flexibleTRUE
- repayment structure is flexibleTRUE
- loan or product term covers growing seasonTRUE
- grace period offeredFALSE
- group or individual loanIndividual
- apr24%
- average loan processing time days5
- is apr or other transparent pricing communicated to clientsTRUE
- type of primary insurance productLife/funeral insurance
- total insurance coverage in the last 12 months for primary insurance product75
- average premium per client in last 12 months for primary insurance product6.93
- average transaction size90
- annualized repayment rate of the product<90%
Value Chain Support
- inputs assets services are readily availableFALSE
- inputs assets services are available at time demanded by clientFALSE
- inputs assets services available within reasonable distance of clientFALSE
- inputs assets services are of good qualityFALSE
- type of inputs offeredUsable
- informal management services providedFALSE
- formal programs in place for post harvest managementFALSE
- informal linkages exist between clients and buyers producersTRUE
- formal linkages exist between clients and buyers producersFALSE
- guaranteed market opportunities exist for clientsFALSE
Training
- agricultural training available to clientsTRUE
- agricultural training available to clients using formal curriculumTRUE
- multiple agricultural trainings delivered during product cycleFALSE
- organization does quality checks on trainingsFALSE
- financial literacy training takes places yes noTRUE
- classroom theoretical training offered by administering partyFALSE
- training engages clients in participatory learning with additional materialsFALSE
- training is offered in a convenient location for clientsTRUE
Measuring Impact
- regular measurement of farmer yields takes placeFALSE
- formal measurement with strong control groupFALSE
- rct or other academic quality work done to verify resultsFALSE
- measurement of change to profit income or poverty reduction takes placeTRUE
- measurement of change to profit income or poverty reduction takes place if yes describeSocio-economic surveys carried out at start of loan cycle.
- using methodical process over time to measure changeFALSE
- what type of poverty measurement metric is usedProgress out of Poverty Index (PPI)