Please note that the information you are viewing is 133 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 Ragati Road, NHIF Building, 14th floorNairobiP.O. Box 75104-00200
Data approved: 2010-09-09
Data version: 1
Age of data: -   months 

Product

Fanikisha - Fedha - Loan Product 5 of 10 « Prev | Next »

Product Details

Key Statistics
Outstanding portfolio (KES)KES 25,864,717
Portfolio (USD)USD 312,375.81
Active Clients with Loans107
Approximate % Female Clients80% - 100%
Approximate % Urban Clients60% - 80%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
Targets women who have overcome the challenges of business start-up. Targets women who lack conventional securities to secure their loans and would like to borrow through a group approach.
Loan Purpose
Any purposex
Income generation
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
Men
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 institutionN/A
# Regions for this productN/A
Regions Active

Loan Conditions

Loan Amount
CurrencyKES
Minimum loan sizeKES 300,000
Maximum loan size1,000,000
Loan Term and Grace Period
Shortest loan term1.0 month
Longest loan term18.0 months
Approx average9.0 months
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 interest1.50%
Highest quoted nominal interest1.50%
Interest rate periodMonthly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?N/A
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 - max2.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variation
Appears on Repayment Sched?No
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionInsurance Fee (per annum)
% of loan amount - min28.00%
% of loan amount - max28.00%
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 forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?
Do borrowers control deposit in their group?Yes
Deposit BEFORE or AT Disbursement
% loan amount deposited10.00% - N/A
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount depositedKES 100 - N/A
Conditions on access to depositWhen Leaving
Interest Paid on Deposit
Minimum interest rate paid0
Maximum interest rate paid3.00%
Interest payment frequencyMonthly
Taxes
Are taxes charged on this product?No
Additional Comments
Access to business improvement training at discounted rates, not free

Full Pricing Data

Fanikisha - Fedha - Loan samples
No sample data for this product
Fanikisha - Fedha - Loan Price Graphs
No sample data for this product
Please note that the information you are viewing is 135 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

FINCA Malawi Ltd Private Mail Bag 382ChichiriBlantyre, SouthernPO Box 382
Data approved: 2012-12-01
Data version: 2
Age of data: 135 months

Institution Details

Institution TypeNon-Governmental Organization
Is this institution regulated?Yes
Website addresshttp://www.finca.org/
Year established1994
Head of InstitutionPonsiano Ndyabahika
Regions activeDedza, Dowa, Kasungu, Lilongwe, Mchinji, Nkhotakota, Ntcheu, Ntchisi, SalimaKaronga, Mzimba, Nkhata Bay, Rumphi, Balaka, Blantyre, Chikwawa, Chiradzulu, MachingaMangochi, Mulanje, Mwanza, Nsanje
# Branches18

Total Portfolio (nat'l)MWK 1,463,320,000
Total Portfolio (USD)USD 3,752,102.56
Active clients with loans29,927
Approximate % female clients60% - 80%
Approximate % urban clients20% - 40%
Network affiliationsMAMN, Council of Non-Governmental Organizations (CONGOMA)
FundersFINCA International

Loan Products » Summary

2,221 Borrowers
USD 788,566.67 Portfolio
Active Product
20,635 Borrowers
USD 1,876,051.28 Portfolio
Active Product
6,991 Borrowers
USD 1,087,484.62 Portfolio
Active Product

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Individual Business Loan MWK 50,000 - 4,500,000 6 - 12 20% - 40% 40% - 60% Business Women, Men, Have business Credit Ins
Village Banking Loan MWK 5,000 - 400,000 4 - 6 60% - 80% 0% - 20% Business Women, Men, Have business Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training, Other Training, Team work, etc.
Small Group Loan MWK 40,000 - 500,000 6 - 12 60% - 80% 20% - 40% Business Women, Men, Have business Credit Ins

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Individual Business Loan 60.00%-67.20% annual, Decl Bal 1 Fee 0 Ins None N/A 62.8% - 71.1% 62.8% - 71.1% 89
Village Banking Loan 84.00%-90.00% annual, Decl Bal 0 Fees 1 Ins None 10.00% upfront 83.5% - 96.1% 99.9% - 118.1% 78
Small Group Loan 78.00% annual, Decl Bal 0 Fees 1 Ins None N/A 72% - 75.3% 73.7% - 77.1% 100
Institution Price Graph
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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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