Equity Bank - 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: 135 months

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Institution Details

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	Central, Coast, Eastern, Nairobi, North Eastern, Nyanza, Rift Valley, Western
# Branches	112

Total Portfolio (nat'l)	KES 126,533,000,000
Total Portfolio (USD)	USD 1,528,176,329
Active clients with loans	655,969
Approximate % female clients	20% - 40%
Approximate % urban clients	40% - 60%
Network affiliations	AMFI, WWB, MFN, GNBI
Funders	Helios EB Investor LP (HELIOS), British-American Investments Company (Kenya) Ltd, IFC

Loan Products » Summary

Agriculture

418 Borrowers

USD 1,032,439.51 Portfolio

Active Product

Asset

900 Borrowers

USD 3,025,092.36 Portfolio

Active Product

Biashara

33,227 Borrowers

USD 33,248,673.42 Portfolio

Active Product

Business

339 Borrowers

USD 711,816.73 Portfolio

Active Product

Imara

15,474 Borrowers

USD 17,085,372.51 Portfolio

Active Product

Shaba

14,839 Borrowers

USD 7,305,703.83 Portfolio

Active Product

Farm Input

34,018 Borrowers

USD 15,709,402.11 Portfolio

Active Product

Insurance

6,820 Borrowers

USD 4,117,191.73 Portfolio

Active Product

Vijana

29,548 Borrowers

USD 12,511,287.02 Portfolio

Active Product

Fedha

Retired Product

Loan Products » Conditions

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	20% - 40%	0% - 20%	Agriculture, Purchase of farm inputs and farm machinery.	Women, Men, Must be in commercial farming for over a year, Active account with Equity	Credit Ins
Asset Finance Loan	KES 100,000 - 4,000,000,000	1 - 48	20% - 40%	40% - 60%	Business, Loan specifically used for purchase of assets.	Women, Men, Equity customer for at least a month or other bank statement, Purchased asset is used as loan security	Credit Ins
Biashara Imara Loan	KES 5,000 - 500,000	1 - 18	20% - 40%	20% - 40%	Business	Women, Men, Have business, Operated the business for over a year	Credit Ins, Tech Asst Visits, Business Training
Business Loan	KES 300,000 - 4,000,000,000	1 - 60	20% - 40%	40% - 60%	Business	Women, Men, Have business, Operated the business for over a year, Active account for over 6 mos with Equity or other bank	Credit Ins
Fanikisha - Imara - Loan	KES 30,000 - 500,000	1 - 18	100%	20% - 40%	Business	Women, Have business	Credit Ins, Tech Asst Visits, Business Training, Access to business improvement training at discount rates.
Fanikisha - Shaba - Loan	KES 1,000 - 300,000	6 - 18	100%	0% - 20%	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	20% - 40%	0%	Business, Purchase of farm inputs	Women, Men, Must be in small scale or commercial farming, Active Equity Bank account	Credit Ins
Insurance Premium Finance Loan	KES 5,000 - 4,000,000,000	4 - 10	0% - 20%	40% - 60%	Can only be used for financing insurance premiums.	Women, Men
Vijana Business Loan	KES 1,000 - 100,000	1 - 12	20% - 40%	20% - 40%	Business	Women, Men, Have business, Specific age group, Must have undergone group training, Mustbe 18-35 years old	Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training, Other Training

Loan Products » Pricing Information

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	21.3% - 24.9%	21.7% - 26.5%	77
Asset Finance Loan	8.5%-10.0% annual, Flat	1 Fee	1 Ins	None	N/A	20% - 20.8%	20.4% - 21.5%	40
Biashara Imara Loan	20.0% annual, Flat	1 Fee	1 Ins	None	N/A	37.4% - 44%	38.5% - 46.3%	49
Business Loan	18.0%-20.0% annual, Decl Bal	1 Fee	1 Ins	None	N/A	21.3% - 25%	21.8% - 26.2%	75
Fanikisha - Imara - Loan	20.0% annual, Decl Bal	1 Fee	1 Ins	None	N/A	36.8% - 44.3%	37.7% - 46.6%	49
Fanikisha - Shaba - Loan	20.0% annual, Decl Bal	1 Fee	1 Ins	None	10.0% upfront	35.7% - 41.9%	43.9% - 52.7%	42
Farm Input Loan	19.0% annual, Flat	1 Fee	1 Ins	None	N/A	25.6% - 40.3%	27.1% - 41.6%	57
Insurance Premium Finance Loan	12.6%-13.5% annual, Flat	0 Fees	0 Ins	None	N/A	27.2% - 27.3%	27.2% - 27.3%	46
Vijana Business Loan	8.0% annual, Flat	1 Fee	1 Ins	None	15.0% upfront	13.4% - 13.9%	20.3% - 21.8%	38

Institution Price Graph

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Institution	# Borrowers	Portfolio (US$)	Products	Age of Data
Adhikar	35,300	2,674,000	1	133
AMPL	0	0	0	133
Arman	41,500	529,107,000	1	133
Arohan	43,500	8,091,000	2	133
ASA INDIA	164,000	15,380,000	1	133
Asirvad	113,500	19,328,000	1	133
Asmitha	1,114,800	217,867,000	1	133
Bandhan	4,048,600	674,564,000	5	133
Belstar	123,000	23,945,000	2	111
BSFL	275,200	31,590,000	3	133
Chaitanya	20,700	3,748,000	3	133
Disha Microfin	69,000	14,332,000	2	133
Equitas	1,220,000	186,415,000	4	133
ESAF	354,200	43,500,000	5	133
FFSL	150,600	35,719,000	2	133
Fusion	66,800	9,820,000	2	133
Grama Vidiyal	738,200	102,101,000	1	133
Grameen Koota	586,600	83,555,000	15	135
Janalakshmi	506,000	119,077,000	2	133
L & T Finance	399,800	37,199,000	1	133
MFL	331,800	49,083,000	1	133
MMFL	175,000	23,752,000	2	133
Mpower	13,600	2,263,000	2	133
Sahayata	0	0	0	133
Saija	24,700	4,682,000	2	133
Samasta	45,500	4,809,000	2	133
Satin	405,600	90,174,000	2	133
SCCI	115,600	15,910,000	2	133
Share	2,195,400	376,727,000	1	133
SKS	3,409,000	355,029,000	2	133
SMILE	360,200	56,927,000	1	133
SNFL	9,400	1,779,000	1	133
Sonata Finance	158,200	22,724,000	3	135
Spandana	533,400	147,240,000	2	133
Suryoday	78,600	14,713,000	3	133
SVCL	118,200	18,886,000	1	133
Swadhaar	92,800	17,166,000	3	133
Trident	68,700	8,852,000	1	133
Ujjivan	913,300	160,848,000	5	133
Utkarsh	168,600	25,915,000	3	133
VFS	175,400	19,264,000	2	133
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	164
Credible	10,000	1,669,540.36	2	165
DIBAKAR	1,800	145,000	1	164
GOF	65,200	5,388,000	4	164
Hope	62,600	4,407,000	1	162
Jaago	2,700	237,000	1	163
LOK	4,900	573,000	1	164
Nano	25,600	3,660,000	2	165
NBSAAVS	28,100	2,821,000	1	162
Nirantara	8,200	917,000	2	164
Parama	7,100	482,000	1	164
Pragathi	26,200	4,579,000	6	164
PWMACS	36,500	5,946,000	1	164
Saadhana	90,900	12,046,000	2	164
Sambhav	1,500	183,000	3	164
Seba Rahara	6,700	468,000	1	164
SU	61,100	5,498,000	1	164
Swayanshree	7,900	918,000	2	164
Vikas Samiti	1,600	168,000	1	164
Vistaar	4,300	1,157,000	2	162
We The People	1,100	244,000	2	164
WEMCS	1,100	85,000	1	164
Yukti	1,100	99,000	2	164

Key Statistics
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Institution

Institution Details

Loan Products » Summary

Loan Products » Conditions

Loan Products » Pricing Information

Institution Price Graph

Total Borrowers of Samples

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