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Amhara Credit 
and Savings Institution

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Year of Establishment

1996

Legal Status

Amhara Credit and Saving Institution (ACSI) S.Co. was legally registered by the National Bank of Ethiopia, according to Proclamation No.40/1996.

Current Operational Area (s)

Amhara Regional State

Future Expansion Plan

Operation will remain in Amhara region, but increasing outreach by 50% by expanding to more villages/Peasant Associations.

Total Number of Woredas Covered so far

104 Woredas (total no. woredas in the region is 105)

Total Number of Branches Opened so far

10 branches and 163 sub branches

Total Number of Clients served so far

Total: 262, 880 credit clients and over 50,000 voluntary saving clients

Gender Sensitivity

70% Male and 30% Female

(b) Loan Services/Products

• Installment loan;

• End-term loan;

• Package loan;

• Input loan.

Annual Lending Rate For each Loan Type

Loan Size

Pursuant to the National Bank’s directives for micro finance institutions in Ethiopia, the loan ceiling was set at a maximum of Birr 5,000. Very recently, however, this has been relaxed following the new Federal Rural Development Strategy. Therefore, ACSI is planning to pilot-test the relaxed directive to lift-up the loan size above Birr 5,000.     

Based on current policy, a client who moves from the first cycle to the second can expect 100% addition to the first loan. Like wise, unless in very special circumstances, he can expect a maximum addition to preceding loan of 75% in 3rd cycle, 50% in 4th cycle, 25% in 5th and subsequent cycles. The maximum first-time loan a poor client is entitled to, so far, is Br. 750, but revisions are being made to accommodate some loan types like package loan. The following table provides a typical loan progression.

Loan Term

While revisions are being made to accommodate some loan types, current practice reflects the following loan terms.

Loan Eligibility Criteria

• Potential clients need to be between 18 to 59 years of age and economically active;

• Potential clients must be in the category of the poorest of the poor, owning not more than an ox or an asset of its equivalent;

• He/she need to be credit worthy, with good reputation among the community that can be confirmed by the local credit and saving committee as well as the staff of ACSI;

• He/she should present a business plan that also confirms the availability of market for the product/service loan is requested for;

• Willingness to be a member of credit group and abide by the bylaws of the group;

• He/she must be willing to save some part of his/her business income at ACSI.

Type of Collateral Needed

Some of the economic activities financed so far

Grace Period (if any)

Time needed to process and get loan

Business Plan Presentation (please specify the contents of the business plan)

• Loanee's Name, Sex, Age, Address

• Loan Duration

• Type of Activity to be financed

• Expected Expenses by Item

• Expected Income

• Expected Net Income

• Total Requested Loan Amount

• Approved Loan Amount

Loan Application Format (please specify the content)

• Loanee's Identification No.

• Loanee's Name

• Sex

• Group No.

• Type of Activity

• Loan Duration

• Loan Cycle

• Loan Amount

• Loanee'e Signature

• Loanees' Husband/Wife Signature

• Group Members' Signature (Another format)

Target Clients for Loans

Willingness to lend to new business start-ups such as high school dropouts, college graduates and similar groups

ACSI's credit services are open for all potential clients who are in the poorest category and with clear business plan. The strategy to diversify -- product diversification, methodological diversification (group/village/individual), client-base diversification, loan terms/conditions, etc…-- we hope would further open the door widely for those who really have the vision to escape poverty through individual efforts.

Frequency of Revising Institutional Policies

No fixed frequency

(c) Savings Products

(d) Other Services (such as training, money transfer, etc)

      Money Transfer, pension payments.

Service Out-let

• Branch/sub branch office   10 Branches, 163 S/Branches

• Peasant Associations         1,520 Peasant Associations (~50% of total in the                                            region)

• Woredas                         104 (Total in the region is 105)

• Kebeles                           Peasant Association (see above)

• Doorsteps of the client        --

New products to be introduced during the coming 3-5 years

Address

P.O.Box:  417, Bahir Dar, Ethiopia

Telephone:   +251-08-202041/201651/52/204840/41/203603

Fax:  +251-08-201733

E-mail:  acsi@telecom.net.etaacsi@telecom.net.et

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