Please note that the information you are viewing is 133 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Equity Bank P.O. Box 75104-00200Hospital Road, Equity Centre, 9th FloorNairobi
Data approved: 2013-09-23
Data version: 2
Age of data: 133 months

Institution Details

Institution TypeBank
Is this institution regulated?Yes
Website addresshttp://www.equitybank.co.ke/
Year established1984
Head of InstitutionDr. James Mwangi
Regions activeCentral, Coast, Eastern, Nairobi, North Eastern, Nyanza, Rift Valley, Western
# Branches112

Total Portfolio (nat'l)KES 126,533,000,000
Total Portfolio (USD)USD 1,528,176,329
Active clients with loans655,969
Approximate % female clients20% - 40%
Approximate % urban clients40% - 60%
Network affiliationsAMFI, WWB, MFN, GNBI
FundersHelios EB Investor LP (HELIOS), British-American Investments Company (Kenya) Ltd, IFC

Loan Products » Summary

418 Borrowers
USD 1,032,439.51 Portfolio
Active Product
900 Borrowers
USD 3,025,092.36 Portfolio
Active Product
33,227 Borrowers
USD 33,248,673.42 Portfolio
Active Product
339 Borrowers
USD 711,816.73 Portfolio
Active Product
15,474 Borrowers
USD 17,085,372.51 Portfolio
Active Product
14,839 Borrowers
USD 7,305,703.83 Portfolio
Active Product
34,018 Borrowers
USD 15,709,402.11 Portfolio
Active Product
6,820 Borrowers
USD 4,117,191.73 Portfolio
Active Product
29,548 Borrowers
USD 12,511,287.02 Portfolio
Active Product
Retired Product

Loan Products » Conditions

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

Loan Products » Pricing Information

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 Price Graph
Please note that the information you are viewing is 127 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Opportunity Tanzania Limited Head OfficeDar Es SalaamPO Box 80244
Data approved: 2013-02-22
Data version: 2
Age of data: 127 months

Product

Mkopo Vuka - Solidarity Group Loan Product 2 of 3 « Prev | Next »

Product Details

Key Statistics
Outstanding portfolio (TZS)TZS 3,700,000,000
Portfolio (USD)USD 2,327,044.03
Active Clients with Loans5,071
Approximate % Female Clients60% - 80%
Approximate % Urban Clients60% - 80%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
Mkopo Vuka (Solidarity Group Loan) is Opportunity Tanzania's Small Business Loan for groups who have graduated from an entry-level loan and have a need for a larger loan for their business.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurancex
Workplace visits
Business training
Other trainingx
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a businessx
Must own a home or land
Must be a salaried worker
Must be specific age group
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution3
# Regions for this product3
Regions ActiveArusha, Dar es Salaam, Kilimanjaro

Loan Conditions

Loan Amount
CurrencyTZS
Minimum loan sizeTZS 250,000
Maximum loan size7,500,000
Distribution at Disbursement (Est.)
Loans less than TZS 350,0005%
TZS 350,000-1,250,00015%
TZS 1,250,000-2,000,00030%
TZS 2,000,000-3,000,00030%
TZS 3,000,000-4,000,00015%
Greater than TZS 4,000,00015%
Loan Term and Grace Period
Shortest loan term6.0 months
Longest loan term12.0 months
Approx average6.5 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months70%
Between 7 and 9 months30%
Between 10 and 12 months0
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage100%
Average grace period0.7 months
Repayment Frequency
Daily
Weekly
Every 2 weeksx
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest2.50%
Highest quoted nominal interest2.50%
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionLoan Processing Fee
% of loan amount - min1.50%
% of loan amount - max1.50%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?Yes
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionCredit Life, Funeral, Property
% of loan amount - min1.00%
% of loan amount - max1.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?Yes
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forAll
CriteriaFirst Loan Cycle Security Deposit required is equal to 1% of the loan amount.
Is deposit indicated on the repayment schedule?No
Do borrowers control deposit in their group?Yes
Deposit BEFORE or AT Disbursement
% loan amount deposited10.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount deposited0
Conditions on access to depositEnd Term
Interest Paid on Deposit
Minimum interest rate paid0
Maximum interest rate paid0
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No

Full Pricing Data

Mkopo Vuka - Solidarity Group Loan samples
Sample 1Sample 2Sample 3Sample 4Sample 5Sample 6
Loan AmountTZS 300,000TZS 500,000TZS 1,000,000TZS 2,000,000TZS 3,000,000TZS 5,000,000
Loan Cycle (1, 2, 3, etc)1Not Known4444
Disbursement Date2013-02-192013-02-122012-11-302012-11-302012-11-302013-01-21
Loan Term (Months)6.0 months6.0 months6.0 months6.0 months6.0 months8.0 months
Grace Period (Months)0.2 months0.1 months0.2 months0.2 months0.2 months0.2 months
Total Cost of CreditTZS 54,300TZS 89,200TZS 179,700TZS 359,400TZS 540,400TZS 1,125,000
True Price by Comp           
Interest price component52.0%53.2%51.5%51.5%51.6%48.7%
Fee Component5.5%5.8%5.5%5.5%5.5%4.2%
Insurance Component3.8%3.9%3.7%3.7%3.8%2.8%
Tax Component0.0%0.0%0.0%0.0%0.0%0.0%
Deposit Component12.0%12.8%12.1%12.1%12.0%10.4%
Full APR (int fee ins tax dep)73.3%75.7%72.8%72.8%72.9%66.1%
Transparency Index414041414145
            
Original Repayment SchedulePDFPDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDFPDF
Mkopo Vuka - Solidarity Group Loan Price Graphs


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