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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: 111 months

Institution

Bank of Baku Baku şh.Atatàrk pr-ti 42Baku, BakuAZ1069
Data approved: 2010-05-24
Data version: 1
Age of data: 146 months

Product

Insurance Premium Finance Loan Product 9 of 10 « Prev | Next »

Product

Mikrokredit Product 1 of 4 « Prev | Next »

Product Summary

Number borrowers6,820
Loan Amount (range)KES 5,000 - 4,000,000,000
Loan Term (range)4 - 10
Other Services (text summary)
Annual Interest & Method12.6%-13.5% annual, Flat
FeesNone
InsuranceNone
TaxNone
Comp DepN/A
Range of pricing 
Interest Price Component13.4% - 37.3%
Fee Component0 - 11.0%
Insurance Component0 - 2.3%
Tax Component Range0
Full APR (int fee ins tax dep)27.2% - 27.3%
Transparency Index (min/max)37 - 83
Transparency Index (average)46

Product Summary

7,478
USD 300 - 20,000
3 - 24
27.0%-32.0% annual, Decl Bal
10.00% ongoing
None
None
10.0%-15.0% upfront
 
N/A
31.3% - 39.2% (Int+Fee)
0
0
31.3% - 73.0%
37 - 86
63

Product Details

Key Statistics
Outstanding portfolio (KES)KES 340,903,475
Portfolio (USD)USD 4,117,191.73
Active Clients with Loans6,820
Approximate % Female Clients0% - 20%
Approximate % Urban Clients40% - 60%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
This is a means of financing insurance premium payments. The Bank finances the annual premium for the borrower and he/she pays the monthly instalments for the amount advanced.
Loan Purpose
Any purpose
Income generation
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
OtherCan only be used for financing insurance premiums.
Other (2)
Included Services
Credit education
Group meetings
Credit insurance
Workplace visits
Business training
Other training
Other
Other (2)
No other servicesx
Eligibility
Menx
Womenx
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 institution8
# Regions for this product8
Regions ActiveCentral, Coast, Eastern, Nairobi, North Eastern, Nyanza, Rift Valley, Western

Product Details

Key Statistics
Outstanding portfolio (USD)USD 17,685,112.71
Portfolio (USD)USD 17,685,112.71
Active Clients with Loans7,478
Approximate % Female Clients20% - 40%
Approximate % Urban Clients40% - 60%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Kiçik sahibkarlara biznesin thlili yolu il veriln kreditdir.Hr bir kiçik sahibkar biznesini genişlndirmk àçàn bu mhsuldan istifad ed bilr.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetings
Credit insurance
Workplace visits
Business training
Other training
Other
Other (2)
No other servicesx
Eligibility
Menx
Womenx
Must run a businessx
Must own a home or land
Must be a salaried worker
Must be specific age group
Other20-65 yaş
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institutionN/A
# Regions for this productN/A
Regions Active

Loan Conditions

Loan Amount
CurrencyKES
Minimum loan sizeKES 5,000
Maximum loan size4,000,000,000
Distribution at Disbursement (Est.)
Loans less than KES 50,00040%
KES 50,000-150,00040%
KES 150,000-250,00010%
KES 250,000-350,0005%
KES 350,000-450,0005%
Greater than KES 450,0005%
Loan Term and Grace Period
Shortest loan term4.0 months
Longest loan term10.0 months
Approx average7.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months0
Between 7 and 9 months10%
Between 10 and 12 months90%
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

Loan Conditions

Loan Amount
CurrencyUSD
Minimum loan sizeUSD 300
Maximum loan size20,000
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term24.0 months
Approx average12.0 months
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 interest1.05%
Highest quoted nominal interest1.13%
Reason(s) why interest rate variesLoan Size, Client Risk
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
This product has no upfront fees
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
This product has no upfront insurance fees
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
Additional Comments
Loan amounts and interest rates different for wholesale. The product is structured in a way that the client pays for one installment upfront. This is why the first installment is almost immediately after disbursement and since the policy acts as the security, the installment caters for the period between lodging the claim to insurance and payment in case of default.

Pricing Information

Interest
Lowest quoted nominal interest27.00%
Highest quoted nominal interest32.00%
Reason(s) why interest rate variesClient Risk, Collateral
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
This product has no upfront fees
Ongoing Fees
Fee 1
DescriptionGÃtÃÃlÉn mÉblÉğin 1 % + 300-9999 USD qÉdÉ 12,5 USD,10000-20000 USD qÉdÉ 25 USD komissiya
% of loan amount - min10.00%
% of loan amount - max10.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?No
Upfront Insurance Fees
This product has no upfront insurance fees
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forSome
CriteriaBzi vaxtlar n azÄ aylÄq àdnişin 1 misli qd
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% - 15.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount deposited0
Conditions on access to depositFinal Pmt
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

Insurance Premium Finance Loan samples
Sample 1Sample 2Sample 3Sample 4Sample 5
Loan AmountKES 12,978KES 28,126KES 45,102KES 101,957KES 295,865
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot KnownNot Known
Disbursement Date2013-08-202013-09-032013-09-032013-09-032013-09-03
Loan Term (Months)9.0 months9.0 months10.0 months10.0 months10.0 months
Grace Period (Months)0.0 months0.0 months0.0 months0.0 months0.0 months
Total Cost of CreditKES 1,362.69KES 2,953.23KES 4,735.71KES 10,705.49KES 31,065.82
True Price by Comp         
Interest price component27.2%27.2%27.3%27.3%27.3%
Fee Component0.0%0.0%0.0%0.0%0.0%
Insurance Component0.0%0.0%0.0%0.0%0.0%
Tax Component0.0%0.0%0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%0.0%0.0%
Full APR (int fee ins tax dep)27.2%27.2%27.3%27.3%27.3%
Transparency Index4646464646
          
Original Repayment SchedulePDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDF

Full Pricing Data

Mikrokredit samples
Sample 1Sample 2Sample 3Sample 4Sample 5Sample 6
Loan AmountUSD 400USD 1,200USD 2,000USD 4,200USD 8,500USD 12,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot KnownNot KnownNot Known
Disbursement Date2009-09-192009-07-102009-07-082009-08-242008-10-242008-03-19
Loan Term (Months)12.0 months12.0 months18.0 months12.0 months18.0 months18.0 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 Component39.2%34.1%32.4%32.6%31.7%31.3%
Insurance Component0.0%0.0%0.0%0.0%0.0%0.0%
Tax Component0.0%0.0%0.0%0.0%0.0%0.0%
Deposit Component0.0%38.9%24.1%0.0%15.3%0.0%
Full APR (int fee ins tax dep)39.2%73.0%56.5%32.6%47.0%31.3%
Transparency Index693748835786
            
Original Repayment SchedulePDFPDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDFPDF
Insurance Premium Finance Loan Price Graphs


Mikrokredit Price Graphs


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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
Filter table:
Country InstAbbrev SampleCode Loan Amount USD Loan Term (Months) SampClients FullAPR DateApproved
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