2. Equity Bank
Please note that the information you are viewing is 142 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. Utkarsh
Please note that the information you are viewing is 140 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 P.O. Box 75104-00200Hospital Road, Equity Centre, 9th FloorNairobi
Data approved: 2013-09-23
Data version: 2
Age of data: 142 months
Choose version

Institution

Utkarsh Micro Finance Pvt. Ltd. S-2/639-56, Varuna Vihar ColonyNear J Mehta Inter Collect Cantt.Varanasi, Uttar Pradesh221002
Data approved: 2013-02-20
Data version: 2
Age of data: 140 months
Choose version

Product

Farm Input Loan Product 8 of 10 « Prev | Next »

Product

Utkarsh Pragati Product 1 of 4 « Prev | Next »

Product Summary

Number borrowers34,018
Loan Amount (range)KES 1,000 - 100,000
Loan Term (range)1 - 12
Other Services (text summary)Credit Ins
Annual Interest & Method19.0% annual, Flat
Fees3.00%-5.00% upfront
Insurance0.63% upfront
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)27.1% - 41.6%
Transparency Index (min/max)37 - 83
Transparency Index (average)57

Product Summary

154,956
INR 6,000 - 15,000
12 - 14
Credit Educ, Group Mtgs, Tech Asst Visits
25.9% annual, Decl Bal
0.88% upfront
1.00% upfront
12.36% fees
N/A
 
25.6% - 28.8%
0.9% - 1.7%
1.1% - 2.0%
0.1% - 0.3%
29.4% - 29.6%
88 - 93
88

Product Details

Key Statistics
Outstanding portfolio (KES)KES 1,300,738,495
Portfolio (USD)USD 15,709,402.11
Active Clients with Loans34,018
Approximate % Female Clients20% - 40%
Approximate % Urban Clients0
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Kilimo Kwa Maendeleo. This is a short-term lending to farmers to assist them in meeting various needs including farm machinery, tools and any other farm or social development needs. Repayments can be negotiated to match the seasonality of proceeds
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
OtherPurchase of farm inputs
Other (2)
Included Services
Credit education
Group meetings
Credit insurancex
Workplace visits
Business training
Other training
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a business
Must own a home or land
Must be a salaried worker
Must be specific age group
OtherMust be in small scale or commercial farming
Other (2)Active Equity Bank account
# 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 (INR)INR 1,134,408,127
Portfolio (USD)USD 21,403,926.92
Active Clients with Loans154,956
Approximate % Female Clients100%
Approximate % Urban Clients0% - 20%
Methodology
Individualx
Solidarity groupx
Village banking
Self help group
Other
Description
Income Generation Loan is provided to women borrowers. The loan size ranges between INR 6,000 to 15,000 under joint liability structure.
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 insurance
Workplace visitsx
Business training
Other training
Other
Other (2)
No other services
Eligibility
Men
Womenx
Must run a businessx
Must own a home or land
Must be a salaried worker
Must be specific age groupx
Household income <60,000 INRx
Household income <120,000 INRx
Must live in rural areax
Must lives in urban areax
OtherClient age must be between 21 to 55.
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution2
# Regions for this product4
Regions ActiveBihar, Madhya Pradesh, Uttar Pradesh, Uttarakhand

Loan Conditions

Loan Amount
CurrencyKES
Minimum loan sizeKES 1,000
Maximum loan size100,000
Distribution at Disbursement (Est.)
Loans less than KES 50,00070%
KES 50,000-150,00030%
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 months5%
Between 7 and 9 months15%
Between 10 and 12 months80%
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 paymentx
Irregular payments

Loan Conditions

Loan Amount
CurrencyINR
Minimum loan sizeINR 6,000
Maximum loan size15,000
Distribution at Disbursement (Est.)
Loans less than INR 5,0000
INR 5,000-15,000100%
INR 15,000-25,0000
INR 25,000-35,0000
INR 35,000-45,0000
Greater than INR 45,0000
Loan Term and Grace Period
Shortest loan term12.0 months
Longest loan term14.0 months
Approx average14.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months0
Between 7 and 9 months0
Between 10 and 12 months0
Between 13 and 18 months100%
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 interest1.58%
Highest quoted nominal interest1.58%
Interest rate periodMonthly
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 - min3.00%
% of loan amount - max5.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variation5% for 1st cycle, 3% 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 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

Pricing Information

Interest
Lowest quoted nominal interest25.94%
Highest quoted nominal interest25.94%
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionProcessing Fee
% of loan amount - min0.88%
% of loan amount - max0.88%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?Yes
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionInsurance Fee
% of loan amount - min1.00%
% of loan amount - max1.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?Yes
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?Yes
Percentage of fees12.4%
All or some fees taxedSome

Full Pricing Data

Farm Input Loan samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountKES 9,999.92KES 19,999.98KES 48,000KES 99,999.92
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot Known
Disbursement Date2013-05-042013-05-032013-05-032013-06-20
Loan Term (Months)12.0 months5.7 months5.5 months12.0 months
Grace Period (Months)-0.3 months-0.4 months-0.6 months-0.3 months
Total Cost of CreditKES 2,214.96KES 2,487.74KES 5,844KES 22,097.18
True Price by Comp       
Interest price component33.8%19.1%18.6%34.0%
Fee Component6.3%6.9%7.0%6.3%
Insurance Component1.4%1.5%1.5%1.3%
Tax Component0.0%0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%0.0%
Full APR (int fee ins tax dep)41.5%27.5%27.1%41.6%
Transparency Index46697046
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF

Full Pricing Data

Utkarsh Pragati samples
Sample 1Sample 2Sample 3
Loan AmountINR 10,000INR 10,000INR 15,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2013-02-122013-04-232013-02-04
Loan Term (Months)14.0 months12.0 months14.0 months
Grace Period (Months)0.0 months0.0 months0.0 months
Total Cost of CreditINR 1,770.36INR 1,720.36INR 2,655.54
True Price by Comp     
Interest price component25.9%25.6%25.9%
Fee Component1.6%1.7%1.6%
Insurance Component1.9%1.8%1.9%
Tax Component0.2%0.3%0.2%
Deposit Component0.0%0.0%0.0%
Full APR (int fee ins tax dep)29.6%29.4%29.6%
MFIN MFI Earning (Annualised)27.5%27.3%27.5%
MFIN Cost to Borrower (Annualised)29.6%29.4%29.6%
Transparency Index888888
MFIN Transparency Index100100100
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
* The APR stated here is an MFTransparency term, definition and formula
Farm Input Loan Price Graphs


Click to view Price Analysis Tool
Utkarsh Pragati Price Graphs


Click to view Price Analysis Tool
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
Loading...
X Axis
Greater than:
Less or equal to:
N (# of Samples)
Total Borrrowers of Samples
Avg
Min
Max
Std Dev
By Inst Type
By Country

Total Borrowers of Samples

X Axis
Greater than:
Less or equal to:
From 0 to
to
to
to ∞