← Project Appraisal Level 2: Financial Appraisal and Loan Structuring

Debt capacity and loan structuring

Module 04 / 5 · 65 min

A good project can still be a bad loan if repayments start too early or rise too fast; learn to shape the schedule to the project's cash flow.

In this module you will learn to

Compute DSCR for every year of the loan and judge it by the minimum year
Use grace, tenor, repayment shape, interest during grace, equity, fees and covenants as structuring levers
Compare equal principal, grace and sculpted structures for the same loan
Check a structure against the manual's tenor and grace rules and NBE exposure limits

Built on

Erudite Africa training module: Project Appraisal Level 2: Financial Appraisal and Loan Structuring (October 2026)
A commercial bank's Revised Credit Procedure Manual (2025), unnamed
NBE directives as listed in the lessons: FXD/01/2024, NBE/INT/13/2026, SBB/87/2024, SBB/88/2024, SBB/90/2024, CRB/02/2019, MCR/01/2020
Insurance Business Proclamation No. 746/2012
Erudite Africa: Ethiopian context for banking and finance training, 39 topics (2026)

Examples and companies are fictional. Bank practices are shown as typical Ethiopian practice, not as any one bank's policy. Always apply your own institution's approved policy and the current NBE directives.