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(a)  General Information

Year of Establishment

1997

Legal Status

DECSI S.C. was legally registered by the National Bank of Ethiopia, according to Proclamation No.40/1996.

Current Operational Area (s)

DECSI is entirely operating in Tigray Regional State.

Future Expansion Plan

DECSI has been exclusively operating in Tigray Regional State and shall continue increasing its outreach within the same region during the period 3 to 5 years to come.

Total Number of Woredas Covered so far

47 Woredas

Total Number of Branches Opened so far

Nine Branches with 96 sub-branches.

Total Number of Clients served so far

More than 200,000 with 20% urban and 80% rural clients.

Gender Sensitivity

Male clients = 61%, Female Clients =39%

  (b)  Loan Services/Products

iGeneral Loan

iAgricultural Loan

iCivil Servant Loan

iAgricultural Input Loan

Micro and Small Enterprise (MSE) loan.

Annual Lending Rate

DECSI has two lending rates depending on the type of loan installment period. The Interest Rate is 15% for monthly installments and 18% for end-term installments.  No additional Service Charge is requested but charge on late payment of regular installments.

Maximum Loan Size and Loan Term

Loan Eligibility Criteria

• Poor urban and rural people who are able to work and generate income;

• Good character and loan repayment history;

• No access to other formal financial institutions;

• Voluntarily accept the group lending methodology;

• Participate in local development activities.

Type of Collateral Needed

Group Guarantee with an exception to MSE loan greater than 5,000 birr.

Some of the economic activities financed so far

• Agriculture (animal husbandry, crop production)

• Handicraft and processing;

• Petty trade;

• Service rendering.

Grace Period and Time needed to process and get loans

Business Plan Presentation

No special business plan is required from the clients, but a format is to be filled to get the following information:

• Size of the household;

• Condition of household's income and expenditure;

• Cash flow situation of the business;

• Number of people employed or participating in running the business, etc.

Application Format

• The borrower is expected to fill out application form with the following main contents:

• Full name of the client;

• Amount of loan requested by the client;

• Activity proposed;

• Amount approved by the group;

• Comment of the field worker;

• Comment of the sub-branch manager (on the market assessment done for new clients) 

• and approval for repeat borrowers;

• Approval of the loan by the credit and savings committee for new borrowers.

Target Clients for Loans

• Urban and rural poor households;

Target Clients for Savings

• Individuals;

• Institutions;

• NGOs;

• Loan clients.

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

New business start-ups can access financial services of the Institution provided that they proposed viable income generating activities and voluntarily accept the group lending methodology.

(c)   Savings Products

(d)   Other non-financial Services

a.  Pension payments 

b.  Fees: 2.50/person per transaction.

Service Out-let

DECSI's services are accessible to clients through branches and sub-branch offices.

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

Frequency of revising loan policies

DECSI revises its loan policy every five years. However, some policies can be revised within a period of less than five years whenever it is found necessary.

Address

P.O.Box:  1074 Mekele, Ethiopia

Telephone:  +251-4-409306/404041/402243/403695

Fax:  +251-4-406099

E-mail : decsi@telecom.net.et            decsi@telecom.net.et

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