2. BSFL
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  2. Equity Bank
Please note that the information you are viewing is 138 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Bhartiya Samruddhi Finance Limited 3rd Floor, Surabhi Arcade,Troop Bazar, Bank Street, KotiHyderabad, Andhra PradeshPO Box 500 001
Data approved: 2013-01-25
Data version: 2
Age of data: 136 months
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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: 138 months
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Institution Details

Institution TypeNon Bank Financial Institution
Is this institution regulated?Yes
Website addresshttp://www.basixindia.com/
Year established1996
Head of InstitutionMr. Vijaymahajan
Regions activeAndhra Pradesh, Bihar, Chhattisgarh, GujaratJharkhand, Karnataka, Madhya Pradesh, Maharashtra, Meghalaya, OrissaPunjab, Rajasthan, Sikkim, Tripura, Uttar Pradesh, Uttarakhand, West Bengal
# Branches188

Total Portfolio (nat'l)INR 2,414,154
Total Portfolio (USD)USD 45,550.08
Active clients with loans396,861
Approximate % female clients60% - 80%
Approximate % urban clients0% - 20%
Network affiliationsMFIN, Sadhan

Institution Details

Institution TypeBank
Is this institution regulated?Yes
Website addresshttp://www.equitybank.co.ke/
Year established1984
Head of InstitutionDr. James Mwangi
Regions activeCentral, Coast, Eastern, Nairobi, North Eastern, Nyanza, Rift Valley, Western
# Branches112

Total Portfolio (nat'l)KES 126,533,000,000
Total Portfolio (USD)USD 1,528,176,329
Active clients with loans655,969
Approximate % female clients20% - 40%
Approximate % urban clients40% - 60%
Network affiliationsAMFI, WWB, MFN, GNBI
FundersHelios EB Investor LP (HELIOS), British-American Investments Company (Kenya) Ltd, IFC

Loan Products » Summary

Agri Allied
64,244 Borrowers
USD 6,876,623.96 Portfolio
Active Product
Crop Loan
8,998 Borrowers
USD 1,604,170.72 Portfolio
Active Product
Enterprise
201,981 Borrowers
USD 23,110,165.02 Portfolio
Active Product

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
Samruddhi Agri Allied Loan INR 15,000 - 50,000 23 - 24 60% - 80% 0% - 20% Business, Agriculture, For improving dairy livelihoods and buying inputs, purchase of mulch animals,procurement of fodder Women, Men, Joint Liability Group Credit Ins
Samruddhi Crop Loan INR 10,000 - 15,000 11 20% - 40% 0% - 20% Business, Agriculture Women, Men, All farmers/tenant farmers engaged in field crop cultivation Credit Ins
Samruddhi Micro Enterprise (NFS) Loan INR 15,000 - 50,000 23 - 24 60% - 80% 0% - 20% Business, For establishment cost,fixed cost,working capital Women, Men Credit Ins

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 » MFIN India Additional Information

Product Name APR (int) MFIN MFI Earning (Annualised) MFIN Cost to Borrower (Annualised) COMPLIANCE WITH RBI GUIDELINES ON INTEREST METHOD COMPLIANCE WITH RBI GUIDELINES ON PROCESSING FEES COMPLIANCE WITH RBI GUIDELINES ON INSURANCE PREMIUM MFIN Transparency Index
Samruddhi Agri Allied Loan 23.8% 24.5% - 24.8% 28.5% - 29.5% Yes Yes Yes 100
Samruddhi Crop Loan 22.9% - 23% 24.7% - 24.8% 29.1% - 29.2% Yes Yes Yes 100
Samruddhi Micro Enterprise (NFS) Loan 23.7% - 23.8% 24.5% - 24.7% 28.9% - 29.3% Yes Yes Yes 100
*Please click here for more information

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Samruddhi Agri Allied Loan 24.0% annual, Decl Bal 1 Fee 2 Ins 12.36% fees N/A 24.5% - 24.8% 28.5% - 29.5% 83
Samruddhi Crop Loan 24.0% annual, Decl Bal 1 Fee 2 Ins 12.36% fees N/A 24.7% - 24.8% 29.1% - 29.2% 82
Samruddhi Micro Enterprise (NFS) Loan 24.0% annual, Decl Bal 1 Fee 2 Ins 12.36% fees N/A 24.5% - 24.7% 28.9% - 29.3% 82

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

Loan Products » MFIN India Additional Information

Product Name APR (int) MFIN MFI Earning (Annualised) MFIN Cost to Borrower (Annualised) COMPLIANCE WITH RBI GUIDELINES ON INTEREST METHOD COMPLIANCE WITH RBI GUIDELINES ON PROCESSING FEES COMPLIANCE WITH RBI GUIDELINES ON INSURANCE PREMIUM MFIN Transparency Index
Samruddhi Agri Allied Loan 23.8% 24.5% - 24.8% 28.5% - 29.5% Yes Yes Yes 100
Samruddhi Crop Loan 22.9% - 23% 24.7% - 24.8% 29.1% - 29.2% Yes Yes Yes 100
Samruddhi Micro Enterprise (NFS) Loan 23.7% - 23.8% 24.5% - 24.7% 28.9% - 29.3% Yes Yes Yes 100
*Please click here for more information

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Samruddhi Agri Allied Loan 24.0% annual, Decl Bal 1 Fee 2 Ins Ins 12.36% fees N/A 24.5% - 24.8% 28.5% - 29.5% 83
Samruddhi Crop Loan 24.0% annual, Decl Bal 1 Fee 2 Ins Ins 12.36% fees N/A 24.7% - 24.8% 29.1% - 29.2% 82
Samruddhi Micro Enterprise (NFS) Loan 24.0% annual, Decl Bal 1 Fee 2 Ins Ins 12.36% fees N/A 24.5% - 24.7% 28.9% - 29.3% 82

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 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 Ins None N/A 20% - 20.8% 20.4% - 21.5% 40
Biashara Imara Loan 20.0% annual, Flat 1 Fee 1 Ins 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 Ins None N/A 21.3% - 25% 21.8% - 26.2% 75
Fanikisha - Imara - Loan 20.0% annual, Decl Bal 1 Fee 1 Ins 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 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 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 Ins None N/A 27.2% - 27.3% 27.2% - 27.3% 46
Vijana Business Loan 8.0% annual, Flat 1 Fee 1 Ins Ins None 15.0% upfront 13.4% - 13.9% 20.3% - 21.8% 38
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