2. Equity Bank
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  2. PMPC
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Institution

Equity Bank Ragati Road, NHIF Building, 14th floorNairobiP.O. Box 75104-00200
Data approved: 2010-09-09
Data version: 1
Age of data: -   months 
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Institution

Paglaum Multi Purpose Cooperative 2F PMPC Bldg., Eastern LoocPlaridel, Misamis Occidental7209
Data approved: 2011-11-15
Data version: 1
Age of data: 151 months

Institution Details

Institution TypeBank
Is this institution regulated?Yes
Website addresshttp://www.equitybank.co.ke/
Year established1984
Head of InstitutionDr. James Mwangi
Regions active0
# Branches112

Total Portfolio (nat'l)KES 62,053,365,859
Total Portfolio (USD)USD 749,436,785.70
Active clients with loans715,969
Approximate % female clients40% - 60%
Approximate % urban clients40% - 60%
Network affiliations
Funders

Institution Details

Institution TypeCredit Union / Cooperative
Is this institution regulated?Yes
Website addresshttp://www.paglaumcoop.org.ph/
Year established1992
Head of InstitutionGadwin E. Handumon
Regions active
# Branches14

Total Portfolio (nat'l)PhP 247,944,967
Total Portfolio (USD)USD 5,931,697.78
Active clients with loans21,775
Approximate % female clients80% - 100%
Approximate % urban clients0% - 20%
Network affiliationsMASS-SPECC, NATTCO, Association of Asean Confederation of Credit Unions (AACCU), Microfinance Council of the Philippines, Inc. (MCPI)
Funders

Loan Products » Summary

Agriculture
744 Borrowers
USD 3,595,648.99 Portfolio
Active Product
Asset
2,853 Borrowers
USD 34,138,528.90 Portfolio
Active Product
Biashara
33,530 Borrowers
USD 25,319,660.76 Portfolio
Active Product
Business
5,686 Borrowers
USD 157,505,613.60 Portfolio
Active Product
Fedha
107 Borrowers
USD 312,375.81 Portfolio
Active Product
Imara
8,283 Borrowers
USD 9,595,151.44 Portfolio
Active Product
Shaba
32,096 Borrowers
USD 11,064,777.09 Portfolio
Active Product
Farm Input
32,201 Borrowers
USD 9,431,693.48 Portfolio
Active Product
Insurance
5,092 Borrowers
USD 3,343,421.51 Portfolio
Active Product
Vijana
20,739 Borrowers
USD 6,862,289.92 Portfolio
Active Product

Loan Products » Summary

Barangay
670 Borrowers
USD 245,934.02 Portfolio
Active Product
Emergency
589 Borrowers
USD 16,991.70 Portfolio
Active Product
Housing
491 Borrowers
USD 452,572.75 Portfolio
Active Product
MEDAL
1,520 Borrowers
USD 88,541.15 Portfolio
Active Product
Motorcycle
219 Borrowers
USD 193,819.49 Portfolio
Active Product
Pension
2,073 Borrowers
USD 796,964.55 Portfolio
Active Product
Project Loan
12,767 Borrowers
USD 1,581,371.55 Portfolio
Active Product
Regular
5,185 Borrowers
USD 2,189,284.21 Portfolio
Active 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 40% - 60% 40% - 60% Business, Purchase of farm inputs and farm machinery. Women, Men, Must be in commercial farming for at least one year, Active account with Equity where proceeds are remitted. Credit Ins
Asset Finance Loan KES 100,000 - 4,000,000,000 1 - 48 40% - 60% 40% - 60% Business, Loan specifically used for purchase of assets. Women, Men, Equity Bank customer for at least one month or other bank statement, The asset being purchased is used as security for the loan. Credit Ins
Biashara Imara Loan KES 5,000 - 500,000 1 - 12 40% - 60% 40% - 60% Business Women, Men, Have business, Must have operated the business for more than one year Credit Ins, Tech Asst Visits, Business Training
Business Loan KES 300,000 - 4,000,000,000 1 - 60 40% - 60% 40% - 60% Business Women, Men, Have business, Must have operated the business for at least one year, Must have active account for at least 6 mos with Equity or other bank Credit Ins
Fanikisha - Fedha - Loan KES 300,000 - 1,000,000 1 - 18 80% - 100% 60% - 80% Any Purpose Women Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training, Other Training
Fanikisha - Imara - Loan KES 30,000 - 500,000 1 - 18 80% - 100% 40% - 60% Business Women, Have business, Women who lack conventional securities. Credit Ins, Tech Asst Visits, Business Training
Fanikisha - Shaba - Loan KES 1,000 - 300,000 6 - 18 80% - 100% 40% - 60% 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 40% - 60% 40% - 60% Business, Purchase of farm inputs Women, Men, Must be in small scale or commercial farming, Active Equity Bank account where agricultural proceeds are remitted Credit Ins
Insurance Premium Finance Loan KES 5,000 - 4,000,000,000 1 - 10 40% - 60% 40% - 60% Can only be used for financing insurance premiums. Women, Men
Vijana Business Loan KES 1,000 - 100,000 1 - 12 40% - 60% 40% - 60% Business Women, Men, Have business, Specific age group, Must have undergone group training through Ministry of Youth or Gender, Must be between 18 and 35 years old Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training, Other Training

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Barangay Official Livelihood Assistance PHP 500 - 15,000 6 - 36 60% - 80% 0% - 20% Any Purpose Women, Men, Barangay Officials Credit Educ, Credit Ins
Emergency Loan PHP 500 - 2,000 3 - 6 60% - 80% 0% - 20% Other, Open to all regular and PDP members who are MIGS i, < 60 years Women, Men Group Mtgs
Housing Loan Program PHP 50,000 - 300,000 12 - 26 80% - 100% 0% - 20% Housing Women, Men Credit Educ, Credit Ins
MEDAL 1 PHP 5,000 - 5,000 3 - 6 60% - 80% 0% - 20% Business Women, Men, Have business, Must be Coop member Credit Educ, Group Mtgs, Credit Ins
Motorcycle Loan PHP 60,000 - 120,000 12 - 36 60% - 80% 0% - 20% Consumer Women, Men, Must have MIGS status, Must be Coop member Credit Educ, Credit Ins
Pension Loan PHP 10,000 - 100,000 6 - 24 40% - 60% 0% - 20% Any Purpose Women, Men, Must be pension holder, Must be <80 years Credit Educ, Credit Ins
Project Loan (Micro-Regular Loan) PHP 500 - 150,000 3 - 18 80% - 100% 0% - 20% Business Women, Men, Must be Coop member Credit Educ, Credit Ins
Regular Loan PHP 500 - 1,000,000 1 - 36 60% - 80% 0% - 20% Business, Housing, Consumer, Education, Other Women, Men, Must be Coop member Credit Educ, Credit Ins, Tech Asst Visits, Business 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 0% 0% N/A
Asset Finance Loan 8.5% annual, Flat 1 Fee 1 Ins None N/A 0% 0% N/A
Biashara Imara Loan 18.0% annual, Flat 1 Fee 1 Ins None N/A 0% 0% N/A
Business Loan 18.0% annual, Decl Bal 1 Fee 1 Ins None N/A 0% 0% N/A
Fanikisha - Fedha - Loan 18.0% annual, Decl Bal 1 Fee 1 Ins None 10.0% upfront 100.00 ongoing 0% 0% N/A
Fanikisha - Imara - Loan 18.0% annual, Decl Bal 1 Fee 1 Ins None N/A 0% 0% N/A
Fanikisha - Shaba - Loan 18.0% annual, Decl Bal 1 Fee 1 Ins None 10.0% upfront 100.00 ongoing 0% 0% N/A
Farm Input Loan 15.0% annual, Flat 1 Fee 1 Ins None N/A 0% 0% N/A
Insurance Premium Finance Loan 54.0%-90.0% annual, Flat 0 Fees 0 Ins None N/A 0% 0% N/A
Vijana Business Loan 8.0% annual, Flat 0 Fees 1 Ins None 10.0% upfront 100.00 ongoing 0% 0% N/A

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Barangay Official Livelihood Assistance 22.8% annual, Flat 2 Fees 2 Ins None 6.5% upfront 26.00 ongoing 44.9% - 52.7% 59.2% - 79.8% 35
Emergency Loan 30.0% annual, Flat 2 Fees 2 Ins None 6.5% upfront 76% - 81.7% 174% - 194.8% 16
Housing Loan Program 21.0% annual, Decl Bal 2 Fees 2 Ins None 6.5% upfront 24.4% - 24.5% 31.1% - 34.2% 64
MEDAL 1 30.0%-36.0% annual, Flat 2 Fees 2 Ins None 6.5% upfront 26.00 ongoing 13.4% - 84.8% 22.1% - 114.2% 68
Motorcycle Loan 21.0% annual, Decl Bal 2 Fees 2 Ins None 6.5% upfront 26.00 ongoing 24.5% 31.6% - 33.4% 65
Pension Loan 36.0% annual, Flat 2 Fees 2 Ins None 6.5% upfront 26.00 ongoing 61.6% - 70.8% 70.1% - 85.5% 47
Project Loan (Micro-Regular Loan) 30.0% annual, Flat 2 Fees 2 Ins None 6.5% upfront 26.00 ongoing 55.1% - 79.9% 66.2% - 175.4% 32
Regular Loan 36.0% annual, Flat 2 Fees 2 Ins None 6.5% upfront 26.00 ongoing 69.9% - 88.7% 83.2% - 122.6% 37

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 Ins None N/A 0% 0% N/A
Asset Finance Loan 8.5% annual, Flat 1 Fee 1 Ins Ins None N/A 0% 0% N/A
Biashara Imara Loan 18.0% annual, Flat 1 Fee 1 Ins Ins None N/A 0% 0% N/A
Business Loan 18.0% annual, Decl Bal 1 Fee 1 Ins Ins None N/A 0% 0% N/A
Fanikisha - Fedha - Loan 18.0% annual, Decl Bal 1 Fee 1 Ins Ins None 10.0% upfront 100.00 ongoing 0% 0% N/A
Fanikisha - Imara - Loan 18.0% annual, Decl Bal 1 Fee 1 Ins Ins None N/A 0% 0% N/A
Fanikisha - Shaba - Loan 18.0% annual, Decl Bal 1 Fee 1 Ins Ins None 10.0% upfront 100.00 ongoing 0% 0% N/A
Farm Input Loan 15.0% annual, Flat 1 Fee 1 Ins Ins None N/A 0% 0% N/A
Insurance Premium Finance Loan 54.0%-90.0% annual, Flat 0 Fees 0 Ins Ins None N/A 0% 0% N/A
Vijana Business Loan 8.0% annual, Flat 0 Fees 1 Ins Ins None 10.0% upfront 100.00 ongoing 0% 0% N/A

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Barangay Official Livelihood Assistance 22.8% annual, Flat 2 Fees 2 Ins Ins None 6.5% upfront 26.00 ongoing 44.9% - 52.7% 59.2% - 79.8% 35
Emergency Loan 30.0% annual, Flat 2 Fees 2 Ins Ins None 6.5% upfront 76% - 81.7% 174% - 194.8% 16
Housing Loan Program 21.0% annual, Decl Bal 2 Fees 2 Ins Ins None 6.5% upfront 24.4% - 24.5% 31.1% - 34.2% 64
MEDAL 1 30.0%-36.0% annual, Flat 2 Fees 2 Ins Ins None 6.5% upfront 26.00 ongoing 13.4% - 84.8% 22.1% - 114.2% 68
Motorcycle Loan 21.0% annual, Decl Bal 2 Fees 2 Ins Ins None 6.5% upfront 26.00 ongoing 24.5% 31.6% - 33.4% 65
Pension Loan 36.0% annual, Flat 2 Fees 2 Ins Ins None 6.5% upfront 26.00 ongoing 61.6% - 70.8% 70.1% - 85.5% 47
Project Loan (Micro-Regular Loan) 30.0% annual, Flat 2 Fees 2 Ins Ins None 6.5% upfront 26.00 ongoing 55.1% - 79.9% 66.2% - 175.4% 32
Regular Loan 36.0% annual, Flat 2 Fees 2 Ins Ins None 6.5% upfront 26.00 ongoing 69.9% - 88.7% 83.2% - 122.6% 37
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