Institution Type | Other |
Is this institution regulated? | No |
Website address | http://www.musoni.eu |
Year established | 2010 |
Head of Institution | James Onyutta |
Regions active | Central, Eastern, Nairobi, Nyanza, Rift Valley |
# Branches | 15 |
Total Portfolio (nat'l) | KES 495,960,483 |
Total Portfolio (USD) | USD 5,989,860.91 |
Active clients with loans | 16,077 |
Approximate % female clients | 40% - 60% |
Approximate % urban clients | 60% - 80% |
Network affiliations | |
Funders | Musoni Investment, Access Africa Fund ( Managed by Microvest), KFW, Grameen Foundation |
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 | 0 |
# Branches | 112 |
Total Portfolio (nat'l) | KES 62,053,365,859 |
Total Portfolio (USD) | USD 749,436,785.70 |
Active clients with loans | 715,969 |
Approximate % female clients | 40% - 60% |
Approximate % urban clients | 40% - 60% |
Network affiliations | |
Funders |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Nawiri ( Group business Loan) | KES 5,000 - 140,000 | 3 - 12 | 40% - 60% | 60% - 80% | Business | Women, Men, Have business | Credit Educ, Group Mtgs, Business Training, Other Training | |||||||
Tuelimike ( School Fee Loan) | KES 5,000 - 70,000 | 3 - 9 | 40% - 60% | 60% - 80% | Education | Women, Men, Have business | Group Mtgs, Business Training, Other Training | |||||||
Wepesi ( Emengency Loan | KES 5,000 - 30,000 | 1 | 40% - 60% | 60% - 80% | Any Purpose | Women, Men, Have business | Business Training, Other Training |
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 |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Nawiri ( Group business Loan) | 20.0% annual, Flat | 1 Fee | 0 Ins | None | 20.0% upfront | 40.7% - 48.5% | 60.4% - 74.3% | 30 | ||||||||
Tuelimike ( School Fee Loan) | 22.0% annual, Flat | 1 Fee | 0 Ins | None | 20.0% upfront | 45.3% - 51.8% | 67.2% - 79.2% | 29 | ||||||||
Wepesi ( Emengency Loan | 90.0% annual, Up-Front | 0 Fees | 0 Ins | None | N/A | 93.6% | 93.6% | 96 |
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 |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Nawiri ( Group business Loan) | 20.0% annual, Flat | 1 Fee | 0 Ins Ins | None | 20.0% upfront | 40.7% - 48.5% | 60.4% - 74.3% | 30 | ||||||||
Tuelimike ( School Fee Loan) | 22.0% annual, Flat | 1 Fee | 0 Ins Ins | None | 20.0% upfront | 45.3% - 51.8% | 67.2% - 79.2% | 29 | ||||||||
Wepesi ( Emengency Loan | 90.0% annual, Up-Front | 0 Fees | 0 Ins Ins | None | N/A | 93.6% | 93.6% | 96 |
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 |
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