2. Equitas
Please note that the information you are viewing is 132 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. EASL
Please note that the information you are viewing is 132 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Equitas 4th Floor, Temple Tower, 672 Anna Salai, NandanamChennai, Tamil Nadu600035
Data approved: 2011-01-06
Data version: 2
Age of data: -   months 
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Institution

EB ACCION Savings and Loans Ltd No. 4 Nortei Ababio Street Roman RidgePMB CT 127, CantonmentsAccra, Greater Accra
Data approved: 2013-07-31
Data version: 1
Age of data: 132 months

Institution Details

Institution TypePrivate 'For-Profit'
Is this institution regulated?N/A
Website addresshttp://www.equitas.in/
Year established2007
Head of InstitutionPN Vasudevan
Regions active0
# Branches276

Total Portfolio (nat'l)INR 9,568,069,000
Total Portfolio (USD)USD 212,623,755.60
Active clients with loans1,395,978
Approximate % female clients80% - 100%
Approximate % urban clients80% - 100%
Network affiliationsMFIN

Institution Details

Institution TypeNon Bank Financial Institution
Is this institution regulated?Yes
Website addresshttp://www.eb-accion.com
Year established2008
Head of InstitutionMrs. Frances Adu-Mante
Regions activeGreater Accra Region, Ashanti Region, Brong Ahafo Region
# Branches8

Total Portfolio (nat'l)GHS 23,675,529
Total Portfolio (USD)USD 12,018,035.03
Active clients with loans9,401
Approximate % female clients60% - 80%
Approximate % urban clients60% - 80%
Network affiliationsGhana Association of Savings and Loans Companies, GHAMFIN
FundersEcobank Ghana Ltd, Ecobank Transitional Inc, ACCION International, IFC

Loan Products » Summary

Additional Micro-Credit
94,472 Borrowers
USD 2,842,053 Portfolio
Active Product
Primary Loans
1,134,782 Borrowers
USD 117,975,591 Portfolio
Active Product
3rd Cycle
0 Borrowers
Portfolio
Active Product
Additional Micro Credit - Upcountry
Retired Product
Additional Micro credit -Metro
Retired Product
Gurukul Loan
Retired Product
Primary Loans - Metro
Retired Product
Primary loans - Rural
Retired Product
Primary Loans - Upcountry
Retired Product
Second cycle loan - Metro
Retired Product
Second Cycle Loan - Upcountry
Retired Product
Shiksha Loan
Retired Product
Vidya loan - Metro
Retired Product
Vidya loan - Upcountry
Retired Product
Vidya Loan
Retired Product

Loan Products » Summary

Nkosuo
4,497 Borrowers
USD 2,295,303.05 Portfolio
Active Product
Express
880 Borrowers
USD 341,065.99 Portfolio
Active Product
Adwuma
2,755 Borrowers
USD 3,563,691.80 Portfolio
Active Product
Plus
265 Borrowers
USD 1,406,775.42 Portfolio
Active Product
SME
398 Borrowers
USD 3,727,540.98 Portfolio
Active Product
Group
407 Borrowers
USD 75,230.26 Portfolio
Active Product

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Additional Micro-Credit INR 3,000 - 3,000 6 - 9 80% - 100% 80% - 100% Business Women, Have business Credit Educ, Group Mtgs, Credit Ins
Primary Loans INR 10,100 - 12,000 24 80% - 100% 80% - 100% Business Women, Have business, either client runs business or husband runs business and the client has an active role Credit Educ, Group Mtgs, Credit Ins
Third Cycle Loan INR 10,100 - 15,000 24 80% - 100% 0% Business Women, Have business Credit Educ, Group Mtgs

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Nkosuo GHS 50 - 3,000 3 - 12 60% - 80% 60% - 80% Business Women, Men, Have business, Specific age group Credit Ins
Micro Express GHS 50 - 1,000 3 - 6 60% - 80% 60% - 80% Business Women, Men, Specific age group Credit Ins
Adwuma Pa GHS 3,000 - 15,000 3 - 12 60% - 80% 80% - 100% Business Women, Men, Have business, Specific age group Credit Ins
Micro Plus GHS 15,000 - 30,000 3 - 24 40% - 60% 40% - 60% Business Women, Men, Have business, Have home or land, Specific age group Credit Ins
SME GHS 30,000 - 50,000 3 - 24 0% - 20% 80% - 100% Business Women, Men, Have business, Have home or land, Specific age group Credit Ins
Group GHS 600 - 3,000 3 - 12 80% - 100% 0% - 20% Business Women, Men, Have business, Specific age group Credit Ins

Loan Products » MFIN India Additional Information

Product Name APR (int) MFIN MFI Earning (Annualised) MFIN Cost to Borrower (Annualised) COMPLIANCE WITH RBI GUIDELINES ON INTEREST METHOD COMPLIANCE WITH RBI GUIDELINES ON PROCESSING FEES COMPLIANCE WITH RBI GUIDELINES ON INSURANCE PREMIUM MFIN Transparency Index
Additional Micro-Credit 0% 24.5% - 25.9% 25.3% - 27% N/A
Primary Loans 0% 25.9% - 26.8% 26.7% - 27.4% N/A
Third Cycle Loan 0% 26.6% 28.3% N/A
*Please click here for more information

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Additional Micro-Credit 25.3%-26.3% annual, Decl Bal 0 Fees 0 Ins None N/A 24.5% - 25.9% 25.3% - 27% 96
Primary Loans 25.5% annual, Decl Bal 1 Fee 0 Ins None N/A 25.9% - 26.8% 26.7% - 27.4% 94
Third Cycle Loan 25.4% annual, Decl Bal 0 Fees 1 Ins None N/A 26.6% 28.3% 90

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Nkosuo 48.0% annual, Flat 1 Fee 1 Ins None 81.2% - 82.6% 83.9% - 120.9% 52
Micro Express 48.0% annual, Flat 1 Fee 1 Ins None 2.50-10.00 ongoing 87.8% - 95.1% 154.3% - 180.7% 29
Adwuma Pa 45.0% annual, Flat 1 Fee 1 Ins None 61.3% - 76.6% 68.3% - 78% 61
Micro Plus 42.0%-45.0% annual, Flat 1 Fee 1 Ins None 74% - 76.6% 75.2% - 78.2% 54
SME 38.4%-42.0% annual, Flat 1 Fee 1 Ins None 59.9% - 64.5% 60.7% - 66.9% 59
Group 48.0% annual, Flat 1 Fee 1 Ins None 2.50-10.00 ongoing 74.1% - 77.1% 111.6% - 118.8% 41

Loan Products » MFIN India Additional Information

Product Name APR (int) MFIN MFI Earning (Annualised) MFIN Cost to Borrower (Annualised) COMPLIANCE WITH RBI GUIDELINES ON INTEREST METHOD COMPLIANCE WITH RBI GUIDELINES ON PROCESSING FEES COMPLIANCE WITH RBI GUIDELINES ON INSURANCE PREMIUM MFIN Transparency Index
Additional Micro-Credit 0% 24.5% - 25.9% 25.3% - 27% N/A
Primary Loans 0% 25.9% - 26.8% 26.7% - 27.4% N/A
Third Cycle Loan 0% 26.6% 28.3% N/A
*Please click here for more information

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Additional Micro-Credit 25.3%-26.3% annual, Decl Bal 0 Fees 0 Ins Ins None N/A 24.5% - 25.9% 25.3% - 27% 96
Primary Loans 25.5% annual, Decl Bal 1 Fee 0 Ins Ins None N/A 25.9% - 26.8% 26.7% - 27.4% 94
Third Cycle Loan 25.4% annual, Decl Bal 0 Fees 1 Ins Ins None N/A 26.6% 28.3% 90

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Nkosuo 48.0% annual, Flat 1 Fee 1 Ins Ins None 81.2% - 82.6% 83.9% - 120.9% 52
Micro Express 48.0% annual, Flat 1 Fee 1 Ins Ins None 2.50-10.00 ongoing 87.8% - 95.1% 154.3% - 180.7% 29
Adwuma Pa 45.0% annual, Flat 1 Fee 1 Ins Ins None 61.3% - 76.6% 68.3% - 78% 61
Micro Plus 42.0%-45.0% annual, Flat 1 Fee 1 Ins Ins None 74% - 76.6% 75.2% - 78.2% 54
SME 38.4%-42.0% annual, Flat 1 Fee 1 Ins Ins None 59.9% - 64.5% 60.7% - 66.9% 59
Group 48.0% annual, Flat 1 Fee 1 Ins Ins None 2.50-10.00 ongoing 74.1% - 77.1% 111.6% - 118.8% 41
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