Boabab Microfinance Company Ltd - Group Loan - MFTransparency.org Truth In Lending Tables

Please note that the information you are viewing is 144 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Boabab Microfinance Company Ltd Head OfficeZogbeliTamale, NorthernP.O. Box E/R 550

Data approved: 2013-03-08

Data version: 2

Age of data: 144 months

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Product

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Product Details

Key Statistics

Outstanding portfolio (GHS)	GHS 1,575,561
Portfolio (USD)	USD 799,777.16
Active Clients with Loans	5,082
Approximate % Female Clients	80% - 100%
Approximate % Urban Clients	80% - 100%

Methodology

Individual
Solidarity group	x
Village banking
Self help group	x
Other

Description

Designed for women in groups.

Loan Purpose

Any purpose
Income generation	x
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)

Included Services

Credit education	x
Group meetings	x
Credit insurance
Workplace visits
Business training
Other training
Other	Health and nutrition training
Other (2)	Clean up exercises (sanitation)
No other services

Eligibility

Men
Women	x
Must run a business	x
Must own a home or land
Must be a salaried worker
Must be specific age group
Other	Must be a group member and must have lived in the community for at least one year
Other (2)	Must have group guarantee

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

# Regions for this institution	1
# Regions for this product	1
Regions Active	Northern Region

Loan Conditions

Loan Amount

Currency	GHS
Minimum loan size	GHS 100
Maximum loan size	1,000

Distribution at Disbursement (Est.)

Loans less than GHS 1,000	100%
GHS 1,000-5,000	0
GHS 5,000-7,500	0
GHS 7,500-10,000	0
GHS 10,000-13,000	0
Greater than GHS 13,000	0

Loan Term and Grace Period

Shortest loan term	4.0 months
Longest loan term	4.0 months
Approx average	4.0 months

Distribution at Disbursement (Est.)

Loans 3 months or less	0
Between 4 and 6 months	100%
Between 7 and 9 months	0
Between 10 and 12 months	0
Between 13 and 18 months	0
Longer than 18 months	0

Grace Period

Grace period usage	100%
Average grace period	0.2 months

Repayment Frequency

Daily
Weekly	x
Every 2 weeks
Every 4 weeks
Monthly
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest

Lowest quoted nominal interest	36.00%
Highest quoted nominal interest	36.00%
Interest rate period	Yearly
Interest Rate Calculation Method	Flat
Subsidized by funder request?	No
Is rate fixed for entire loan term	Yes

Upfront Fees

This product has no upfront fees

Ongoing Fees

This product has no ongoing fees

Upfront Insurance Fees

This product has no upfront insurance fees

Ongoing Insurance Fees

This product has no ongoing insurance fees

Compulsory Deposit

Required for	All
Criteria	N/A
Is deposit indicated on the repayment schedule?	No
Do borrowers control deposit in their group?	Yes

Deposit BEFORE or AT Disbursement

% loan amount deposited	10.00%
or, Fixed-amount deposited	0

Deposits DURING period payments

% loan amount deposited	0
or, Fixed-amount deposited	0
Conditions on access to deposit	End Term

Interest Paid on Deposit

Minimum interest rate paid	0
Maximum interest rate paid	0
Interest payment frequency	N/A

Taxes

Are taxes charged on this product?	No

Are taxes charged on this product?

Full Pricing Data

Group Loan samples

	Sample 1	Sample 2	Sample 3	Sample 4
Loan Amount	GHS 300	GHS 400	GHS 500	GHS 600
Loan Cycle (1, 2, 3, etc)	2	2	2	2
Disbursement Date	2013-01-18	2013-01-18	2013-01-18	2013-01-18
Loan Term (Months)	4.0 months	4.0 months	4.0 months	4.0 months
Grace Period (Months)	0.2 months	0.2 months	0.2 months	0.2 months
Total Cost of Credit	GHS 36	GHS 48	GHS 60	GHS 72
True Price by Comp
Interest price component	63.1%	63.1%	63.1%	63.1%
Fee Component	0.0%	0.0%	0.0%	0.0%
Insurance Component	0.0%	0.0%	0.0%	0.0%
Tax Component	0.0%	0.0%	0.0%	0.0%
Deposit Component	12.5%	12.5%	12.5%	12.5%
Full APR (int fee ins tax dep)	75.6%	75.6%	75.6%	75.6%
Transparency Index	48	48	48	48

Original Repayment Schedule	PDF	PDF	PDF	PDF
MFT Pricing Calculation	PDF	PDF	PDF	PDF

Group Loan Price Graphs

Loan Size/

Loan Term/

Custom

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Please note that the information you are viewing is 146 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 Ragati Road, NHIF Building, 14th floorNairobiP.O. Box 75104-00200

Data approved: 2010-09-09

Data version: 1

Age of data: - months

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Institution Details

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

Loan Products » Summary

Agriculture

744 Borrowers

USD 3,595,648.99 Portfolio

Asset

2,853 Borrowers

USD 34,138,528.90 Portfolio

Biashara

33,530 Borrowers

USD 25,319,660.76 Portfolio

Business

5,686 Borrowers

USD 157,505,613.60 Portfolio

Fedha

107 Borrowers

USD 312,375.81 Portfolio

Imara

8,283 Borrowers

USD 9,595,151.44 Portfolio

Shaba

32,096 Borrowers

USD 11,064,777.09 Portfolio

Farm Input

32,201 Borrowers

USD 9,431,693.48 Portfolio

Insurance

5,092 Borrowers

USD 3,343,421.51 Portfolio

Vijana

20,739 Borrowers

USD 6,862,289.92 Portfolio

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	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

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	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

Institution Price Graph

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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

	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

	X Axis
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	From 0 to
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Institution

Product

Product Details

Key Statistics

Description

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

Loan Conditions

Loan Term and Grace Period

Pricing Information

Interest

Upfront Fees

Ongoing Fees

Upfront Insurance Fees

Ongoing Insurance Fees

Deposit BEFORE or AT Disbursement

Deposits DURING period payments

Interest Paid on Deposit

Taxes

Full Pricing Data

Group Loan samples

Group Loan Price Graphs

Institution

Institution Details

Loan Products » Summary

Loan Products » Conditions

Loan Products » Pricing Information

Institution Price Graph

Total Borrowers of Samples

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