Equity Bank - Fanikisha - Shaba - Loan - MFTransparency.org Truth In Lending Tables

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Institution

Equity Bank P.O. Box 75104-00200Hospital Road, Equity Centre, 9th FloorNairobi

Data approved: 2013-09-23

Data version: 2

Age of data: 134 months

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Product

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Product Details

Key Statistics

Outstanding portfolio (KES)	KES 604,912,277
Portfolio (USD)	USD 7,305,703.83
Active Clients with Loans	14,839
Approximate % Female Clients	100%
Approximate % Urban Clients	0% - 20%

Methodology

Individual
Solidarity group
Village banking	x
Self help group
Other

Description

For women in start-up process and micro-enterprises who would like to borrow through a group approach. Targets those in merry-go-round market. Targets women who lack conventional securities.

Loan Purpose

Any purpose
Income generation	x
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)

Included Services

Credit education	x
Group meetings	x
Credit insurance	x
Workplace visits	x
Business training	x
Other training	x
Other
Other (2)
No other services

Eligibility

Men
Women	x
Must run a business
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 institution	8
# Regions for this product	8
Regions Active	Central, Coast, Eastern, Nairobi, North Eastern, Nyanza, Rift Valley, Western

Loan Conditions

Loan Amount

Currency	KES
Minimum loan size	KES 1,000
Maximum loan size	300,000

Distribution at Disbursement (Est.)

Loans less than KES 50,000	40%
KES 50,000-150,000	50%
KES 150,000-250,000	10%
KES 250,000-350,000	0
KES 350,000-450,000	0
Greater than KES 450,000	0

Loan Term and Grace Period

Shortest loan term	6.0 months
Longest loan term	18.0 months
Approx average	9.0 months

Distribution at Disbursement (Est.)

Loans 3 months or less	0
Between 4 and 6 months	10%
Between 7 and 9 months	15%
Between 10 and 12 months	70%
Between 13 and 18 months	5%
Longer than 18 months	0

Grace Period

Grace period usage	0
Average grace period	0

Repayment Frequency

Daily
Weekly	x
Every 2 weeks
Every 4 weeks
Monthly	x
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest

Lowest quoted nominal interest	1.67%
Highest quoted nominal interest	1.67%
Interest rate period	Monthly
Interest Rate Calculation Method	Decl Bal
Subsidized by funder request?	No
Is rate fixed for entire loan term	Yes

Upfront Fees

	Fee 1
Description	LACE (Loan Application & Credit Evaluation) Fee
% of loan amount - min	2.00%
% of loan amount - max	3.00%
OR, Fixed amount - min	0
Fixed amount - max	0
Reason for variation	3% for 1st cycle, 2% for multiple cycle loans
Appears on Repayment Sched?	Yes

Ongoing Fees

This product has no ongoing fees

Upfront Insurance Fees

	Ins 1
Description	Annual Insurance Fee
% of loan amount - min	0.63%
% of loan amount - max	0.63%
OR, Fixed amount - min	0
Fixed amount - max	0
Reason for variation	0.625% per annum.
Appears on Repayment Sched?	Yes

Ongoing Insurance Fees

This product has no ongoing insurance fees

Compulsory Deposit

Required for	All
Criteria	Savings interest depends on the balance that is in the account
Is deposit indicated on the repayment schedule?	No
Do borrowers control deposit in their group?	Yes

Deposit BEFORE or AT Disbursement

% loan amount deposited	10.00%
or, Fixed-amount deposited	0

Deposits DURING period payments

% loan amount deposited	0
or, Fixed-amount deposited	0
Conditions on access to deposit	When Leaving

Interest Paid on Deposit

Minimum interest rate paid	1.00%
Maximum interest rate paid	3.00%
Interest payment frequency	Monthly

Taxes

Are taxes charged on this product?	No

Are taxes charged on this product?

Full Pricing Data

Fanikisha - Shaba - Loan samples

	Sample 1	Sample 3	Sample 4	Sample 5	Sample 6
Loan Amount	KES 9,999.95	KES 48,000	KES 94,999.92	KES 189,999.96	KES 319,999.84
Loan Cycle (1, 2, 3, etc)	Not Known	Not Known	Not Known	Not Known	Not Known
Disbursement Date	2013-05-28	2013-05-20	2013-05-11	2013-05-03	2013-05-28
Loan Term (Months)	11.0 months	12.0 months	13.0 months	12.0 months	24.0 months
Grace Period (Months)	-0.7 months	0.0 months	0.5 months	-0.4 months	0.0 months
Total Cost of Credit	KES 2,138.77	KES 10,860	KES 21,493.71	KES 41,615.20	KES 136,399.92
True Price by Comp
Interest price component	37.3%	34.4%	32.0%	36.0%	34.1%
Fee Component	4.6%	4.0%	3.7%	4.3%	2.2%
Insurance Component	1.4%	1.2%	1.2%	1.3%	0.7%
Tax Component	0.0%	0.0%	0.0%	0.0%	0.0%
Deposit Component	9.4%	7.9%	7.0%	8.8%	6.9%
Full APR (int fee ins tax dep)	52.7%	47.5%	43.9%	50.4%	43.9%
Transparency Index	38	42	46	40	46

Original Repayment Schedule	PDF	PDF	PDF	PDF	PDF
MFT Pricing Calculation	PDF	PDF	PDF	PDF	PDF

Fanikisha - Shaba - Loan Price Graphs

Click to view Price Analysis Tool

Institution	# Borrowers	Portfolio (US$)	Products	Age of Data
Adhikar	35,300	2,674,000	1	132
AMPL	0	0	0	132
Arman	41,500	529,107,000	1	132
Arohan	43,500	8,091,000	2	132
ASA INDIA	164,000	15,380,000	1	132
Asirvad	113,500	19,328,000	1	132
Asmitha	1,114,800	217,867,000	1	132
Bandhan	4,048,600	674,564,000	5	132
Belstar	123,000	23,945,000	2	111
BSFL	275,200	31,590,000	3	132
Chaitanya	20,700	3,748,000	3	132
Disha Microfin	69,000	14,332,000	2	132
Equitas	1,220,000	186,415,000	4	132
ESAF	354,200	43,500,000	5	132
FFSL	150,600	35,719,000	2	132
Fusion	66,800	9,820,000	2	132
Grama Vidiyal	738,200	102,101,000	1	132
Grameen Koota	586,600	83,555,000	15	134
Janalakshmi	506,000	119,077,000	2	132
L & T Finance	399,800	37,199,000	1	132
MFL	331,800	49,083,000	1	132
MMFL	175,000	23,752,000	2	132
Mpower	13,600	2,263,000	2	132
Sahayata	0	0	0	132
Saija	24,700	4,682,000	2	132
Samasta	45,500	4,809,000	2	132
Satin	405,600	90,174,000	2	132
SCCI	115,600	15,910,000	2	132
Share	2,195,400	376,727,000	1	132
SKS	3,409,000	355,029,000	2	132
SMILE	360,200	56,927,000	1	132
SNFL	9,400	1,779,000	1	132
Sonata Finance	158,200	22,724,000	3	134
Spandana	533,400	147,240,000	2	132
Suryoday	78,600	14,713,000	3	132
SVCL	118,200	18,886,000	1	132
Swadhaar	92,800	17,166,000	3	132
Trident	68,700	8,852,000	1	132
Ujjivan	913,300	160,848,000	5	132
Utkarsh	168,600	25,915,000	3	132
VFS	175,400	19,264,000	2	132
Asomi	50,300	4,743,000	2	165
AES India	3,600	286,000	1	165
Arth	2,900	611,000	2	165
Asomi	50,300	4,743,000	2	165
Barasat GS	1,100	99,508.02	1	165
BJS	6,000	468,000	1	165
Cashpor	417,000	50,452,000	1	163
Credible	10,000	1,669,540.36	2	165
DIBAKAR	1,800	145,000	1	163
GOF	65,200	5,388,000	4	163
Hope	62,600	4,407,000	1	161
Jaago	2,700	237,000	1	162
LOK	4,900	573,000	1	163
Nano	25,600	3,660,000	2	165
NBSAAVS	28,100	2,821,000	1	161
Nirantara	8,200	917,000	2	163
Parama	7,100	482,000	1	163
Pragathi	26,200	4,579,000	6	163
PWMACS	36,500	5,946,000	1	163
Saadhana	90,900	12,046,000	2	163
Sambhav	1,500	183,000	3	163
Seba Rahara	6,700	468,000	1	163
SU	61,100	5,498,000	1	163
Swayanshree	7,900	918,000	2	163
Vikas Samiti	1,600	168,000	1	163
Vistaar	4,300	1,157,000	2	161
We The People	1,100	244,000	2	163
WEMCS	1,100	85,000	1	163
Yukti	1,100	99,000	2	163

Key Statistics
# Samples:
# Products
# Institutions
# Countries
# Borrowers
Loan Portfolio (USD)
% Products using declining balance
% Products with one or more fee
% Products with one or more insurances
% Products with compulsory deposits

	X Axis
	Greater than:
	Less or equal to:
N (# of Samples)
Total Borrrowers of Samples


Avg
Min
Max
Std Dev

By Inst Type


By Country

	X Axis
	Greater than:
	Less or equal to:
	From 0 to
	to
	to
	to ∞

Institution

Product

Product Details

Key Statistics

Methodology

Description

Loan Purpose

Included Services

Eligibility

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

Loan Conditions

Loan Amount

Distribution at Disbursement (Est.)

Loan Term and Grace Period

Distribution at Disbursement (Est.)

Grace Period

Repayment Frequency

Pricing Information

Interest

Upfront Fees

Ongoing Fees

Upfront Insurance Fees

Ongoing Insurance Fees

Compulsory Deposit

Deposit BEFORE or AT Disbursement

Deposits DURING period payments

Interest Paid on Deposit

Taxes

Full Pricing Data

Fanikisha - Shaba - Loan samples

Fanikisha - Shaba - Loan Price Graphs

Total Borrowers of Samples

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