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. Sidama
Please note that the information you are viewing is 159 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
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Institution

Sidama MFI Head OfficeHawassaPO Box 565
Data approved: 2011-12-23
Data version: 1
Age of data: 159 months

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

Institution Details

Institution TypeNon Bank Financial Institution
Is this institution regulated?Yes
Website addressN/A
Year established1998
Head of InstitutionMr Tarekegn Bache
Regions active
# Branches20

Total Portfolio (nat'l)ETB 37,000,000
Total Portfolio (USD)USD 2,010,869.57
Active clients with loans52,914
Approximate % female clients20% - 40%
Approximate % urban clients20% - 40%
Network affiliationsAEMFI, MAIN
FundersIrish Aid (initially), Care Ethiopia

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 » Summary

Agriculture
15,345 Borrowers
USD 703,804.35 Portfolio
Active Product
General
6,350 Borrowers
USD 36,195.65 Portfolio
Active Product
Housing
8,465 Borrowers
USD 30,163.04 Portfolio
Active Product
Enterprise
6,350 Borrowers
USD 28,152.17 Portfolio
Active Product
Petty Trade
16,403 Borrowers
USD 361,956.52 Portfolio
Active Product
Service Loan
530 Borrowers
USD 2,010.87 Portfolio
Active 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 » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Agricultural Loan ETB 300 - 50,000 3 - 24 0% - 20% 0% - 20% Business, Agriculture Women, Men Credit Educ, Group Mtgs, Credit Ins
General Loan ETB 300 - 10,000 12 40% - 60% 20% - 40% Any Purpose Women, Men, Salaried worker Credit Educ, Group Mtgs, Credit Ins
Housing Loan ETB 10,000 - 100,000 12 - 24 0% - 20% 80% - 100% Housing Women, Men, Have home or land Credit Ins
Micro and Small Enterprise Loan ETB 300 - 50,000 3 - 24 0% - 20% 80% - 100% Business Women, Men, Have business Credit Educ, Group Mtgs, Credit Ins
Petty Trade Loan ETB 300 - 100,000 3 - 24 20% - 40% 40% - 60% Business Women, Men, Have home or land Credit Educ, Group Mtgs, Credit Ins
Service Loan ETB 300 - 100,000 12 - 24 40% - 60% 60% - 80% Business Women, Men, Have business Credit Educ, Credit Ins

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 » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Agricultural Loan 12.0% annual, Flat 1 Fee 1 Ins None 6.0% upfront 20.00 ongoing 35.6% - 40.4% 41.9% - 48.8% 27
General Loan 18.0% annual, Flat 1 Fee 1 Ins None 6.0% upfront 20.00 ongoing 35.6% - 35.7% 42.8% - 46.9% 40
Housing Loan 15.0%-18.0% annual, Flat 1 Fee 1 Ins None 6.0% upfront 20.00 ongoing 28.7% - 35.6% 34.5% - 44.2% 41
Micro and Small Enterprise Loan 18.0% annual, Flat 1 Fee 1 Ins None 6.0% upfront 20.00 ongoing 28.6% - 35.5% 32.9% - 41.8% 51
Petty Trade Loan 18.0% annual, Flat 1 Fee 1 Ins None 6.0% upfront 20.00 ongoing 28.7% - 35.7% 32.9% - 43.7% 48
Service Loan 18.0% annual, Flat 1 Fee 1 Ins None 6.0% upfront 20.00 ongoing 28.7% - 28.8% 32.9% - 33.1% 54

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

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Agricultural Loan 12.0% annual, Flat 1 Fee 1 Ins Ins None 6.0% upfront 20.00 ongoing 35.6% - 40.4% 41.9% - 48.8% 27
General Loan 18.0% annual, Flat 1 Fee 1 Ins Ins None 6.0% upfront 20.00 ongoing 35.6% - 35.7% 42.8% - 46.9% 40
Housing Loan 15.0%-18.0% annual, Flat 1 Fee 1 Ins Ins None 6.0% upfront 20.00 ongoing 28.7% - 35.6% 34.5% - 44.2% 41
Micro and Small Enterprise Loan 18.0% annual, Flat 1 Fee 1 Ins Ins None 6.0% upfront 20.00 ongoing 28.6% - 35.5% 32.9% - 41.8% 51
Petty Trade Loan 18.0% annual, Flat 1 Fee 1 Ins Ins None 6.0% upfront 20.00 ongoing 28.7% - 35.7% 32.9% - 43.7% 48
Service Loan 18.0% annual, Flat 1 Fee 1 Ins Ins None 6.0% upfront 20.00 ongoing 28.7% - 28.8% 32.9% - 33.1% 54
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