Please note that the information you are viewing is 83 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 Plot 390, Muteesa 1 RoadKatweKampalaPO Box 10184
Data approved: 2012-10-18
Data version: 2
Age of data: 83 months

Institution Details

Institution TypeBank
Is this institution regulated?Yes
Website addresshttp://www.equitybank.co.ug/
Year established2008
Head of InstitutionFrancis Mills Robertson
Regions activeCentral, Eastern, Northern, Western, Southern
# Branches38

Total Portfolio (nat'l)UGX 143,130,000,000
Total Portfolio (USD)USD 57,252,004.13
Active clients with loans13,069
Approximate % female clients20% - 40%
Approximate % urban clients60% - 80%
Network affiliationsUganda Bankers Association, AMFIU
Funders

Loan Products » Summary

Retired Product
This institution does not currently offer microloans, reported to MFTransparency on 2012-10-18
Please note that the information you are viewing is 103 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Rural Credit Finance Company Ltd Roberta PlazaPlot 202/203, Hoima RoadKampala, Central RegionPO Box 29632
Data approved: 2011-06-29
Data version: 1
Age of data: 103 months

Product

Individual Business loans Product 4 of 4 « Prev | Next »

Product Details

Key Statistics
Outstanding portfolio (UGX)UGX 1,399,203,000
Portfolio (USD)USD 559,681
Active Clients with Loans1,369
Approximate % Female Clients40% - 60%
Approximate % Urban Clients60% - 80%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Targeted to people running businesses both urban and rural
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetings
Credit insurancex
Workplace visits
Business training
Other training
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a businessx
Must own a home or land
Must be a salaried workerx
Must be specific age group
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution1
# Regions for this product1
Regions ActiveCentral

Loan Conditions

Loan Amount
CurrencyUGX
Minimum loan sizeUGX 500,000
Maximum loan size15,000,000
Distribution at Disbursement (Est.)
Loans less than UGX 1,000,00020%
UGX 1,000,000-5,000,00015%
UGX 5,000,000-7,500,00015%
UGX 7,500,000-10,000,00015%
UGX 10,000,000-13,000,00015%
Greater than UGX 13,000,00015%
Loan Term and Grace Period
Shortest loan term4.0 months
Longest loan term10.0 months
Approx average6.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months30%
Between 7 and 9 months40%
Between 10 and 12 months30%
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weekly
Every 2 weeks
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 interest4.00%
Highest quoted nominal interest4.00%
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1Fee 2
DescriptionApplication FeeCommission, Stamp Duty & Bank Charges
% of loan amount - min1.00%3.00%
% of loan amount - max1.00%3.33%
OR, Fixed amount - min00
Fixed amount - max00
Reason for variation1% or 10,000Commission(2%), Stamp Duty (5000-1%), Bank Charges (0.33% or 5000)
Appears on Repayment Sched?NoNo
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionCredit Life Insurance
% 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?No
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forNever
CriteriaN/A
Is deposit indicated on the repayment schedule?N/A
Do borrowers control deposit in their group?N/A
Deposit BEFORE or AT Disbursement
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Deposits DURING period payments
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Conditions on access to depositN/A
Interest Paid on Deposit
Minimum interest rate paidN/A
Maximum interest rate paidN/A
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No

Full Pricing Data

Individual Business loans samples
Sample 1Sample 2Sample 3Sample 4Sample 5Sample 6
Loan AmountUGX 700,000UGX 1,500,000UGX 3,000,000UGX 6,000,000UGX 8,000,000UGX 12,000,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot Known00
Disbursement Date2010-11-202010-11-092010-11-092010-11-292010-11-152010-11-20
Loan Term (Months)6.0 months6.0 months6.0 months10.0 months8.0 months3.0 months
Grace Period (Months)0.0 months0.0 months0.0 months0.0 months0.0 months0.0 months
Total Cost of CreditNot KnownNot KnownNot KnownNot KnownNot KnownNot Known
True Price by Comp           
Interest and Fee Component96.4%93.3%92.6%89.5%90.6%92.9%
Insurance Component4.2%4.1%4.1%2.8%3.3%6.9%
Tax Component0.0%0.0%0.0%0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%0.0%0.0%0.0%
Full APR (int fee ins tax dep)100.6%97.4%96.7%92.3%93.9%99.8%
Transparency Index484950525148
            
Original Repayment SchedulePDFPDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDFPDF
Individual Business loans Price Graphs


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% Products with compulsory deposits
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