| Institution Type | Bank |
| Is this institution regulated? | Yes |
| Website address | http://www.equitybank.co.ke/ |
| Year established | 1984 |
| Head of Institution | Dr. James Mwangi |
| Regions active | Central, Coast, Eastern, Nairobi, North Eastern, Nyanza, Rift Valley, Western |
| # Branches | 112 |
| Total Portfolio (nat'l) | KES 126,533,000,000 |
| Total Portfolio (USD) | USD 1,528,176,329 |
| Active clients with loans | 655,969 |
| Approximate % female clients | 20% - 40% |
| Approximate % urban clients | 40% - 60% |
| Network affiliations | AMFI, WWB, MFN, GNBI |
| Funders | Helios EB Investor LP (HELIOS), British-American Investments Company (Kenya) Ltd, IFC |
| Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Agricultural Commercial Loan | KES 100,000 - 4,000,000,000 | 1 - 36 | 20% - 40% | 0% - 20% | Agriculture, Purchase of farm inputs and farm machinery. | Women, Men, Must be in commercial farming for over a year, Active account with Equity | Credit Ins | |||||||
| Asset Finance Loan | KES 100,000 - 4,000,000,000 | 1 - 48 | 20% - 40% | 40% - 60% | Business, Loan specifically used for purchase of assets. | Women, Men, Equity customer for at least a month or other bank statement, Purchased asset is used as loan security | Credit Ins | |||||||
| Biashara Imara Loan | KES 5,000 - 500,000 | 1 - 18 | 20% - 40% | 20% - 40% | Business | Women, Men, Have business, Operated the business for over a year | Credit Ins, Tech Asst Visits, Business Training | |||||||
| Business Loan | KES 300,000 - 4,000,000,000 | 1 - 60 | 20% - 40% | 40% - 60% | Business | Women, Men, Have business, Operated the business for over a year, Active account for over 6 mos with Equity or other bank | Credit Ins | |||||||
| Fanikisha - Imara - Loan | KES 30,000 - 500,000 | 1 - 18 | 100% | 20% - 40% | Business | Women, Have business | Credit Ins, Tech Asst Visits, Business Training, Access to business improvement training at discount rates. | |||||||
| Fanikisha - Shaba - Loan | KES 1,000 - 300,000 | 6 - 18 | 100% | 0% - 20% | Business | Women | Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training, Other Training | |||||||
| Farm Input Loan | KES 1,000 - 100,000 | 1 - 12 | 20% - 40% | 0% | Business, Purchase of farm inputs | Women, Men, Must be in small scale or commercial farming, Active Equity Bank account | Credit Ins | |||||||
| Insurance Premium Finance Loan | KES 5,000 - 4,000,000,000 | 4 - 10 | 0% - 20% | 40% - 60% | Can only be used for financing insurance premiums. | Women, Men | ||||||||
| Vijana Business Loan | KES 1,000 - 100,000 | 1 - 12 | 20% - 40% | 20% - 40% | Business | Women, Men, Have business, Specific age group, Must have undergone group training, Mustbe 18-35 years old | Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training, Other Training |
| Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Agricultural Commercial Loan | 18.0% annual, Decl Bal | 1 Fee | 1 Ins | None | N/A | 21.3% - 24.9% | 21.7% - 26.5% | 77 | ||||||||
| Asset Finance Loan | 8.5%-10.0% annual, Flat | 1 Fee | 1 Ins | None | N/A | 20% - 20.8% | 20.4% - 21.5% | 40 | ||||||||
| Biashara Imara Loan | 20.0% annual, Flat | 1 Fee | 1 Ins | None | N/A | 37.4% - 44% | 38.5% - 46.3% | 49 | ||||||||
| Business Loan | 18.0%-20.0% annual, Decl Bal | 1 Fee | 1 Ins | None | N/A | 21.3% - 25% | 21.8% - 26.2% | 75 | ||||||||
| Fanikisha - Imara - Loan | 20.0% annual, Decl Bal | 1 Fee | 1 Ins | None | N/A | 36.8% - 44.3% | 37.7% - 46.6% | 49 | ||||||||
| Fanikisha - Shaba - Loan | 20.0% annual, Decl Bal | 1 Fee | 1 Ins | None | 10.0% upfront | 35.7% - 41.9% | 43.9% - 52.7% | 42 | ||||||||
| Farm Input Loan | 19.0% annual, Flat | 1 Fee | 1 Ins | None | N/A | 25.6% - 40.3% | 27.1% - 41.6% | 57 | ||||||||
| Insurance Premium Finance Loan | 12.6%-13.5% annual, Flat | 0 Fees | 0 Ins | None | N/A | 27.2% - 27.3% | 27.2% - 27.3% | 46 | ||||||||
| Vijana Business Loan | 8.0% annual, Flat | 1 Fee | 1 Ins | None | 15.0% upfront | 13.4% - 13.9% | 20.3% - 21.8% | 38 |
| Institution | # Borrowers | Portfolio (US$) | Products | Age of Data |
|---|---|---|---|---|
| AGFS | 200 | 47,000 | 2 | 150 |
| Ahantaman RB | 23,800 | 9,896,000 | 4 | 132 |
| APED | 13,700 | 1,876,000 | 2 | 132 |
| ASA Initiative | 4,400 | 577,000 | 4 | 132 |
| ASA-Ghana | 71,600 | 18,385,000 | 2 | 132 |
| ASPI | 800 | 88,000 | 6 | 132 |
| Atwima Kwanwoma | 3,800 | 1,788,000 | 2 | 132 |
| Baobab | 5,100 | 967,000 | 2 | 132 |
| BestFUND | 13,000 | 4,172,000 | 3 | 132 |
| Bonzali Rural | 10,400 | 1,691,000 | 4 | 150 |
| CashPhase | 83 | 135,000 | 2 | 132 |
| CASUD | 1,100 | 524,000 | 1 | 132 |
| CEDEF | 500 | 54,000 | 4 | 132 |
| CFF | 100 | 13,000 | 1 | 132 |
| CRAN | 3,600 | 1,019,000 | 2 | 132 |
| DQF | 1,700 | 63,000 | 2 | 132 |
| EASL | 9,200 | 11,409,000 | 6 | 132 |
| East Mamprusi | 12,500 | 2,268,000 | 4 | 132 |
| ELDA | 0 | 0 | 0 | 132 |
| EMPRETEC Ghana | 200 | 56,000 | 2 | 132 |
| FASL | 13,500 | 14,047,000 | 8 | 132 |
| Grameen Ghana | 9,500 | 507,000 | 3 | 132 |
| ID-Ghana | 5,600 | 953,000 | 3 | 132 |
| Innovative Finance | 2,700 | 354,000 | 3 | 132 |
| Kraban Support | 7,700 | 781,000 | 5 | 150 |
| KRB | 4,000 | 6,350,000 | 3 | 132 |
| Lower Pra RB | 34,000 | 6,316,000 | 3 | 150 |
| Maata-N-Tudu | 12,000 | 941,000 | 4 | 132 |
| Mail Finance | 300 | 288,000 | 1 | 132 |
| Markaz | 0 | 0 | 0 | 132 |
| Markaz Al Bishara | 100 | 17,000 | 1 | 132 |
| MicrofinPlus Gh | 1,100 | 251,000 | 2 | 132 |
| Nwabiagya RB | 4,000 | 2,265,000 | 3 | 132 |
| OISL | 62,000 | 27,232,000 | 9 | 132 |
| Pro Credit | 0 | 0 | 0 | 132 |
| Rich Step | 100 | 101,000 | 1 | 132 |
| SAT | 147,600 | 29,359,000 | 4 | 132 |
| Sekam Trust | 600 | 137,000 | 2 | 132 |
| Simli Pong | 8,900 | 463,000 | 3 | 150 |
| SS Ghana | 200 | 35,000 | 1 | 132 |
| TCCU | 100 | 32,000 | 3 | 132 |
| The Bridge | 400 | 32,000 | 3 | 150 |
| Union RB | 3,800 | 2,361,000 | 4 | 132 |
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