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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: 98 months

Product

Vijana Business Loan Product 10 of 10 « Prev | Next »

Product Details

Key Statistics
Outstanding portfolio (KES)KES 1,035,934,565
Portfolio (USD)USD 12,511,287.02
Active Clients with Loans29,548
Approximate % Female Clients20% - 40%
Approximate % Urban Clients20% - 40%
Methodology
Individualx
Solidarity group
Village bankingx
Self help group
Other
Description
Empowering the youth to Drive Kenya. Working capital loans for youth in micro income generating activities. They are group or individual based with flexible collateral mix and requirements.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurancex
Workplace visitsx
Business trainingx
Other trainingx
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a businessx
Must own a home or land
Must be a salaried worker
Must be specific age groupx
OtherMust have undergone group training
Other (2)Mustbe 18-35 years old
# 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

Loan Conditions

Loan Amount
CurrencyKES
Minimum loan sizeKES 1,000
Maximum loan size100,000
Distribution at Disbursement (Est.)
Loans less than KES 50,00060%
KES 50,000-150,00040%
KES 150,000-250,0000
KES 250,000-350,0000
KES 350,000-450,0000
Greater than KES 450,0000
Loan Term and Grace Period
Shortest loan term1.0 month
Longest loan term12.0 months
Approx average6.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months20%
Between 7 and 9 months30%
Between 10 and 12 months50%
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weeklyx
Every 2 weeksx
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 interest8.00%
Highest quoted nominal interest8.00%
Interest rate periodYearly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionLACE (Loan Application & Credit Evaluation Fee)
% of loan amount - min2.00%
% of loan amount - max3.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variation3% 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
DescriptionAnnual Insurance Fee
% of loan amount - min0.63%
% of loan amount - max0.63%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variation0.625% per annum.
Appears on Repayment Sched?No
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forAll
CriteriaSavings 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 deposited15.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount deposited0
Conditions on access to depositWhen Leaving
Interest Paid on Deposit
Minimum interest rate paid1.00%
Maximum interest rate paid3.00%
Interest payment frequencyMonthly
Taxes
Are taxes charged on this product?No
Additional Comments
This loan product is offered in collaboration with the government.

Full Pricing Data

Vijana Business Loan samples
Sample 1Sample 2Sample 3
Loan AmountKES 7,999.96KES 24,999.98KES 99,999.96
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2013-05-272013-05-112013-05-09
Loan Term (Months)5.9 months6.0 months12.0 months
Grace Period (Months)-0.2 months0.0 months0.2 months
Total Cost of CreditKES 357.94KES 1,156.21KES 8,624.92
True Price by Comp     
Interest price component13.8%13.4%13.9%
Fee Component0.0%0.0%0.0%
Insurance Component2.3%2.2%1.1%
Tax Component0.0%0.0%0.0%
Deposit Component5.7%5.2%5.3%
Full APR (int fee ins tax dep)21.8%20.8%20.3%
Transparency Index373839
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
Vijana Business Loan Price Graphs


Institution # Borrowers Portfolio (US$) Products Age of Data
CCODE2,351642,4374100
CUMO48,013593,9572100
FINCA29,9273,752,1033100
FINCOOP4,221273,9046100
FITSE8,790649,4084100
MARDEF166,5752,550,5821100
MLF MWI24,3641,698,1283100
MRFC1,77200100
NBS1,000974,3591125
OIBM52,6499,227,4884100
Caps / Zoom options
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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