| Institution Type | Non-Governmental Organization |
| Is this institution regulated? | Yes |
| Website address | http://www.worldvision.com |
| Year established | 2000 |
| Head of Institution | Masutano Mulaga |
| Regions active | Kasungu, Lilongwe, Mchinji, Ntcheu, Salima, Mzimba, Nkhata Bay, Balaka, Blantyre, Mulanje |
| # Branches | 2 |
| Total Portfolio (nat'l) | MWK 253,269,047.10 |
| Total Portfolio (USD) | USD 649,407.81 |
| Active clients with loans | 8,790 |
| Approximate % female clients | 40% - 60% |
| Approximate % urban clients | 20% - 40% |
| Network affiliations | Malawi Microfinance Network (MAMN) |
| Funders | Vision Fund International, World Vision International, World Vision, Malawi (ADP) |
| 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 | 0 |
| # Branches | 112 |
| Total Portfolio (nat'l) | KES 62,053,365,859 |
| Total Portfolio (USD) | USD 749,436,785.70 |
| Active clients with loans | 715,969 |
| Approximate % female clients | 40% - 60% |
| Approximate % urban clients | 40% - 60% |
| Network affiliations | |
| Funders |
| Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Agricultural loan I (Irrigation loan - Group) | MWK 5,000 - 100,000 | 4 - 12 | 40% - 60% | 0% - 20% | Business | Women, Men, Have business | Credit Educ, Group Mtgs, Business Training | |||||||
| Agricultural Loan II (Rain fed - Group) | MWK 5,000 - 200,000 | 6 - 10 | 40% - 60% | 0% - 20% | Business | Women, Men, Have business | Credit Educ, Group Mtgs, Tech Asst Visits, Business Training | |||||||
| Business Loan II (Group) | MWK 5,000 - 300,000 | 6 - 9 | 40% - 60% | 80% - 100% | Business, Not unacceptable businesses e.g beer brewing, tobacco, charcoal. | Women, Men, Have business | Credit Educ, Group Mtgs, Tech Asst Visits, Business Training | |||||||
| Business Loan III (Individual) | MWK 5,000 - 2,000,000 | 4 - 12 | 60% - 80% | 80% - 100% | Business, Not unacceptable businesses e.g beer brewing, tobacco, charcoal. | Women, Men, Have business | Credit Educ, Group Mtgs |
| 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 | 40% - 60% | 40% - 60% | Business, Purchase of farm inputs and farm machinery. | Women, Men, Must be in commercial farming for at least one year, Active account with Equity where proceeds are remitted. | Credit Ins | |||||||
| Asset Finance Loan | KES 100,000 - 4,000,000,000 | 1 - 48 | 40% - 60% | 40% - 60% | Business, Loan specifically used for purchase of assets. | Women, Men, Equity Bank customer for at least one month or other bank statement, The asset being purchased is used as security for the loan. | Credit Ins | |||||||
| Biashara Imara Loan | KES 5,000 - 500,000 | 1 - 12 | 40% - 60% | 40% - 60% | Business | Women, Men, Have business, Must have operated the business for more than one year | Credit Ins, Tech Asst Visits, Business Training | |||||||
| Business Loan | KES 300,000 - 4,000,000,000 | 1 - 60 | 40% - 60% | 40% - 60% | Business | Women, Men, Have business, Must have operated the business for at least one year, Must have active account for at least 6 mos with Equity or other bank | Credit Ins | |||||||
| Fanikisha - Fedha - Loan | KES 300,000 - 1,000,000 | 1 - 18 | 80% - 100% | 60% - 80% | Any Purpose | Women | Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training, Other Training | |||||||
| Fanikisha - Imara - Loan | KES 30,000 - 500,000 | 1 - 18 | 80% - 100% | 40% - 60% | Business | Women, Have business, Women who lack conventional securities. | Credit Ins, Tech Asst Visits, Business Training | |||||||
| Fanikisha - Shaba - Loan | KES 1,000 - 300,000 | 6 - 18 | 80% - 100% | 40% - 60% | 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 | 40% - 60% | 40% - 60% | Business, Purchase of farm inputs | Women, Men, Must be in small scale or commercial farming, Active Equity Bank account where agricultural proceeds are remitted | Credit Ins | |||||||
| Insurance Premium Finance Loan | KES 5,000 - 4,000,000,000 | 1 - 10 | 40% - 60% | 40% - 60% | Can only be used for financing insurance premiums. | Women, Men | ||||||||
| Vijana Business Loan | KES 1,000 - 100,000 | 1 - 12 | 40% - 60% | 40% - 60% | Business | Women, Men, Have business, Specific age group, Must have undergone group training through Ministry of Youth or Gender, Must be between 18 and 35 years old | Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training, Other Training |
| Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Agricultural loan I (Irrigation loan - Group) | 54.00% annual, Flat | 2 Fees | 0 Ins | None | 20.00% upfront | 51.9% - 56.9% | 63.7% - 70% | 82 | ||||||||
| Agricultural Loan II (Rain fed - Group) | 54.00% annual, Flat | 2 Fees | 0 Ins | None | 20.00% upfront | 52% - 64.5% | 63.1% - 79.2% | 78 | ||||||||
| Business Loan II (Group) | 48.00% annual, Flat | 2 Fees | 0 Ins | None | 20.00% upfront | 80.9% - 99.8% | 112.7% - 139.6% | 39 | ||||||||
| Business Loan III (Individual) | 42.00% annual, Flat | 2 Fees | 0 Ins | None | 10.00% upfront | 72.8% - 74.5% | 91% - 93.2% | 45 |
| 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 | 0% | 0% | N/A | ||||||||
| Asset Finance Loan | 8.5% annual, Flat | 1 Fee | 1 Ins | None | N/A | 0% | 0% | N/A | ||||||||
| Biashara Imara Loan | 18.0% annual, Flat | 1 Fee | 1 Ins | None | N/A | 0% | 0% | N/A | ||||||||
| Business Loan | 18.0% annual, Decl Bal | 1 Fee | 1 Ins | None | N/A | 0% | 0% | N/A | ||||||||
| Fanikisha - Fedha - Loan | 18.0% annual, Decl Bal | 1 Fee | 1 Ins | None | 10.0% upfront 100.00 ongoing | 0% | 0% | N/A | ||||||||
| Fanikisha - Imara - Loan | 18.0% annual, Decl Bal | 1 Fee | 1 Ins | None | N/A | 0% | 0% | N/A | ||||||||
| Fanikisha - Shaba - Loan | 18.0% annual, Decl Bal | 1 Fee | 1 Ins | None | 10.0% upfront 100.00 ongoing | 0% | 0% | N/A | ||||||||
| Farm Input Loan | 15.0% annual, Flat | 1 Fee | 1 Ins | None | N/A | 0% | 0% | N/A | ||||||||
| Insurance Premium Finance Loan | 54.0%-90.0% annual, Flat | 0 Fees | 0 Ins | None | N/A | 0% | 0% | N/A | ||||||||
| Vijana Business Loan | 8.0% annual, Flat | 0 Fees | 1 Ins | None | 10.0% upfront 100.00 ongoing | 0% | 0% | N/A |
| Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Agricultural loan I (Irrigation loan - Group) | 54.00% annual, Flat | 2 Fees | 0 Ins Ins | None | 20.00% upfront | 51.9% - 56.9% | 63.7% - 70% | 82 | ||||||||
| Agricultural Loan II (Rain fed - Group) | 54.00% annual, Flat | 2 Fees | 0 Ins Ins | None | 20.00% upfront | 52% - 64.5% | 63.1% - 79.2% | 78 | ||||||||
| Business Loan II (Group) | 48.00% annual, Flat | 2 Fees | 0 Ins Ins | None | 20.00% upfront | 80.9% - 99.8% | 112.7% - 139.6% | 39 | ||||||||
| Business Loan III (Individual) | 42.00% annual, Flat | 2 Fees | 0 Ins Ins | None | 10.00% upfront | 72.8% - 74.5% | 91% - 93.2% | 45 |
| 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 | 0% | 0% | N/A | ||||||||
| Asset Finance Loan | 8.5% annual, Flat | 1 Fee | 1 Ins Ins | None | N/A | 0% | 0% | N/A | ||||||||
| Biashara Imara Loan | 18.0% annual, Flat | 1 Fee | 1 Ins Ins | None | N/A | 0% | 0% | N/A | ||||||||
| Business Loan | 18.0% annual, Decl Bal | 1 Fee | 1 Ins Ins | None | N/A | 0% | 0% | N/A | ||||||||
| Fanikisha - Fedha - Loan | 18.0% annual, Decl Bal | 1 Fee | 1 Ins Ins | None | 10.0% upfront 100.00 ongoing | 0% | 0% | N/A | ||||||||
| Fanikisha - Imara - Loan | 18.0% annual, Decl Bal | 1 Fee | 1 Ins Ins | None | N/A | 0% | 0% | N/A | ||||||||
| Fanikisha - Shaba - Loan | 18.0% annual, Decl Bal | 1 Fee | 1 Ins Ins | None | 10.0% upfront 100.00 ongoing | 0% | 0% | N/A | ||||||||
| Farm Input Loan | 15.0% annual, Flat | 1 Fee | 1 Ins Ins | None | N/A | 0% | 0% | N/A | ||||||||
| Insurance Premium Finance Loan | 54.0%-90.0% annual, Flat | 0 Fees | 0 Ins Ins | None | N/A | 0% | 0% | N/A | ||||||||
| Vijana Business Loan | 8.0% annual, Flat | 0 Fees | 1 Ins Ins | None | 10.0% upfront 100.00 ongoing | 0% | 0% | N/A |
| 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 |
| Country | InstAbbrev | SampleCode | Loan Amount USD | Loan Term (Months) | SampClients | FullAPR | DateApproved |
|---|---|---|---|---|---|---|---|
