| 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 |
| Institution Type | Non-Governmental Organization |
| Is this institution regulated? | Yes |
| Website address | http://www.ugafode.co.ug/ |
| Year established | 1995 |
| Head of Institution | Twamuhabwa Wilson |
| Regions active | Central, Western |
| # Branches | 12 |
| Total Portfolio (nat'l) | UGX 11,801,115,327 |
| Total Portfolio (USD) | USD 4,720,446.13 |
| Active clients with loans | 8,197 |
| Approximate % female clients | 20% - 40% |
| Approximate % urban clients | 0% - 20% |
| Network affiliations | AMFIU |
| Funders | Oikocredit, Microfinance Support Centre, Access Africa Fund, Agribusiness Trust |
| 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 |
| Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Agricultural Loan | UGX 100,000 - 23,000,000 | 3 - 36 | 0% - 20% | 0% - 20% | Business, Other, Agricultural production, marketing, processing, trading, cattle trading, poultry, etc. | Women, Men, Have business, Specific age group, Collateral like land, motor vehicle, cattle required | Credit Ins | |||||||
| Asset Acquisition Loan | UGX 100,000 - 10,000,000 | 3 - 36 | 0% - 20% | 40% - 60% | Consumer, Other, Acquire Business or Personal Assets | Women, Men, Have business, Salaried worker, Must have reliable source of income., The asset becomes part of loan security | Credit Ins | |||||||
| Flexible Housing Loan | UGX 200,000 - 3,000,000 | 3 - 24 | 0% - 20% | 20% - 40% | Housing | Women, Men, Have business, Have home or land, Salaried worker | Credit Ins | |||||||
| Micro Business Individual Loan | UGX 100,000 - 5,000,000 | 3 - 24 | 20% - 40% | 20% - 40% | Business | Women, Men, Have business, Business must least 3 months old, Must have security. | Credit Ins | |||||||
| Micro Mortgage Loan | UGX 500,000 - 23,000,000 | 3 - 36 | 20% - 40% | 20% - 40% | Housing, Other, Land acquisition | Women, Men, Have business, Salaried worker | Credit Ins | |||||||
| Small & Medium Enterprise Loan | UGX 10,000,000 - 23,000,000 | 3 - 36 | 20% - 40% | 40% - 60% | Business, Other, Business Assets, Construction | Women, Men, Have business, Have home or land, Must have a registered security, e.g. land title | Credit Ins | |||||||
| Small Business Loan | UGX 5,000,000 - 10,000,000 | 3 - 24 | 20% - 40% | 40% - 60% | Business, Other, Acquire Business Assets | Women, Men, Have business, Fixed Security, i.e. land required | Credit Ins | |||||||
| School Fees Loan | UGX 100,000 - 5,000,000 | 3 - 24 | 40% - 60% | 20% - 40% | Education | Women, Men, Have business, Salaried worker | Credit Ins | |||||||
| Micro Business Group Loan | UGX 100,000 - 5,000,000 | 3 - 24 | 40% - 60% | 0% - 20% | Business | Women, Men, Have business | Group Mtgs, Credit Ins |
| 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 |
| Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Agricultural Loan | 30.00% annual, Decl Bal | 2 Fees | 1 Ins | None | N/A | 40.5% - 46.5% | 42.2% - 49.7% | 65 | ||||||||
| Asset Acquisition Loan | 30.00% annual, Flat | 2 Fees | 1 Ins | None | N/A | 54.9% - 65% | 56.7% - 68.7% | 50 | ||||||||
| Flexible Housing Loan | 24.00% annual, Flat | 2 Fees | 1 Ins | None | N/A | 59.6% - 63.9% | 60.8% - 65.9% | 37 | ||||||||
| Micro Business Individual Loan | 36.00% annual, Flat | 2 Fees | 1 Ins | None | N/A | 63.1% - 69.9% | 65.2% - 73.1% | 52 | ||||||||
| Micro Mortgage Loan | 30.00% annual, Decl Bal | 2 Fees | 1 Ins | None | N/A | 31.1% - 35.5% | 32.3% - 37.9% | 86 | ||||||||
| Small & Medium Enterprise Loan | 30.00% annual, Decl Bal | 2 Fees | 1 Ins | None | N/A | 28.3% - 33.8% | 31.3% - 35.5% | 88 | ||||||||
| Small Business Loan | 30.00% annual, Flat | 2 Fees | 1 Ins | None | N/A | 55% - 55.1% | 56.7% - 56.9% | 52 | ||||||||
| School Fees Loan | 30.00% annual, Flat | 2 Fees | 1 Ins | None | N/A | 57.7% - 73.5% | 60.8% - 78% | 45 | ||||||||
| Micro Business Group Loan | 36.00% annual, Flat | 2 Fees | 1 Ins | None | 10.00% upfront | 65.7% - 80.6% | 80.2% - 99.8% | 41 |
| 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 |
| Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Agricultural Loan | 30.00% annual, Decl Bal | 2 Fees | 1 Ins Ins | None | N/A | 40.5% - 46.5% | 42.2% - 49.7% | 65 | ||||||||
| Asset Acquisition Loan | 30.00% annual, Flat | 2 Fees | 1 Ins Ins | None | N/A | 54.9% - 65% | 56.7% - 68.7% | 50 | ||||||||
| Flexible Housing Loan | 24.00% annual, Flat | 2 Fees | 1 Ins Ins | None | N/A | 59.6% - 63.9% | 60.8% - 65.9% | 37 | ||||||||
| Micro Business Individual Loan | 36.00% annual, Flat | 2 Fees | 1 Ins Ins | None | N/A | 63.1% - 69.9% | 65.2% - 73.1% | 52 | ||||||||
| Micro Mortgage Loan | 30.00% annual, Decl Bal | 2 Fees | 1 Ins Ins | None | N/A | 31.1% - 35.5% | 32.3% - 37.9% | 86 | ||||||||
| Small & Medium Enterprise Loan | 30.00% annual, Decl Bal | 2 Fees | 1 Ins Ins | None | N/A | 28.3% - 33.8% | 31.3% - 35.5% | 88 | ||||||||
| Small Business Loan | 30.00% annual, Flat | 2 Fees | 1 Ins Ins | None | N/A | 55% - 55.1% | 56.7% - 56.9% | 52 | ||||||||
| School Fees Loan | 30.00% annual, Flat | 2 Fees | 1 Ins Ins | None | N/A | 57.7% - 73.5% | 60.8% - 78% | 45 | ||||||||
| Micro Business Group Loan | 36.00% annual, Flat | 2 Fees | 1 Ins Ins | None | 10.00% upfront | 65.7% - 80.6% | 80.2% - 99.8% | 41 |
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| % Products with compulsory deposits |
| Country | InstAbbrev | SampleCode | Loan Amount USD | Loan Term (Months) | SampClients | FullAPR | DateApproved |
|---|---|---|---|---|---|---|---|
