Equitas - 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

Equitas 4th Floor, Temple Tower, 672 Anna Salai, NandanamChennai, Tamil Nadu600035

Data approved: 2011-01-05

Data version: 1

Age of data: - months

Download Data

Analyze Data

Institution Details

Institution Type	Private 'For-Profit'
Is this institution regulated?	N/A
Website address	N/A
Year established	2007
Head of Institution	PN Vasudevan
Regions active	0
# Branches	200

Total Portfolio (nat'l)	INR 7,037,928,578
Total Portfolio (USD)	USD 156,398,412.80
Active clients with loans	880,000
Approximate % female clients	80% - 100%
Approximate % urban clients	80% - 100%
Network affiliations

Loan Products » Summary

Additional Micro Credit - Upcountry

50,591 Borrowers

USD 2,282,825 Portfolio

Additional Micro credit -Metro

37,675 Borrowers

USD 1,380,675 Portfolio

Additional Micro-Credit

94,472 Borrowers

USD 2,842,053 Portfolio

Gurukul Loan

81 Borrowers

USD 6,139 Portfolio

Primary Loans - Metro

33,216 Borrowers

USD 40,847,585 Portfolio

Primary loans - Rural

22,518 Borrowers

USD 4,897,557 Portfolio

Primary Loans - Upcountry

645,050 Borrowers

USD 98,593,250 Portfolio

Primary Loans

1,321,784 Borrowers

USD 186,370,484 Portfolio

Second cycle loan - Metro

13,532 Borrowers

USD 4,041,455 Portfolio

Second Cycle Loan - Upcountry

1,959 Borrowers

USD 643,923 Portfolio

2nd Cycle

74,194 Borrowers

USD 20,144,662 Portfolio

Shiksha Loan

1,423 Borrowers

USD 20,212 Portfolio

3rd Cycle

0 Borrowers

Portfolio

Vidya loan - Metro

12,093 Borrowers

USD 624,206 Portfolio

Vidya loan - Upcountry

50,784 Borrowers

USD 3,086,936 Portfolio

Vidya Loan

98,753 Borrowers

USD 3,225,319 Portfolio

Loan Products » Conditions

Product Name	Loan Size Range	Loan Term (months)	% Female	% Urban	Loan Purpose	Eligibility	Other Services
Additional Micro Credit - Upcountry	INR 3,000 - 3,000	12	80% - 100%	80% - 100%	Business	Women, Have business	Credit Educ, Group Mtgs, Credit Ins
Additional Micro credit -Metro	INR 3,000 - 3,000	12	80% - 100%	80% - 100%	Business	Women, Have business	Credit Educ, Group Mtgs, Credit Ins
Additional Micro-Credit	INR 3,000 - 3,000	6 - 9	80% - 100%	80% - 100%	Business	Women, Have business	Credit Educ, Group Mtgs, Credit Ins
Gurukul Loan	INR 3,035 - 6,000	12	80% - 100%	80% - 100%	Education	Women, Have business, if the business is run by the client's husband; and the client has an active role in the day-to-day	Group Mtgs
Primary Loans - Metro	INR 10,100 - 15,000	23 - 24	80% - 100%	80% - 100%	Business	Women, Have business, either client runs business or husband runs busines	Credit Educ, Group Mtgs, Credit Ins
Primary loans - Rural	INR 10,100 - 15,000	23 - 24	80% - 100%	0% - 20%	Business	Women, Have business, Either client runs business or husband runs business	Credit Educ, Group Mtgs, Credit Ins
Primary Loans - Upcountry	INR 10,100 - 15,000	23 - 24	80% - 100%	80% - 100%	Business	Women, Have business, Either client runs business or husband runs business	Credit Educ, Group Mtgs, Credit Ins
Primary Loans	INR 10,100 - 12,000	24	80% - 100%	80% - 100%	Business	Women, Have business, either client runs business or husband runs business and the client has an active role	Credit Educ, Group Mtgs, Credit Ins
Second cycle loan - Metro	INR 10,100 - 17,500	18 - 24	80% - 100%	80% - 100%	Business	Women, Have business	Credit Educ, Group Mtgs, Credit Ins
Second Cycle Loan - Upcountry	INR 10,100 - 17,500	18 - 24	80% - 100%	80% - 100%	Business	Women, Have business	Credit Educ, Group Mtgs, Credit Ins
Second Cycle Loan	INR 10,100 - 17,500	18 - 24	80% - 100%	80% - 100%	Business	Women, Have business	Credit Educ, Group Mtgs, Credit Ins
Shiksha Loan	INR 750 - 5,000	12	80% - 100%	80% - 100%	Education	Women, Have business, if the business is run by the client's husband; and the client has an active role in the day-to-day
Third Cycle Loan	INR 10,100 - 15,000	24	80% - 100%	0%	Business	Women, Have business	Credit Educ, Group Mtgs
Vidya loan - Metro	INR 3,000 - 3,000	12	80% - 100%	80% - 100%	Education	Women, Have business	Credit Educ, Group Mtgs, Credit Ins
Vidya loan - Upcountry	INR 3,000 - 3,000	12	80% - 100%	80% - 100%	Education	Women, Have business	Group Mtgs, Credit Ins
Vidya Loan	INR 3,000 - 3,000	12	80% - 100%	80% - 100%	Education	Women, Have business	Credit Educ, Group Mtgs, Credit Ins

Loan Products » MFIN India Additional Information

Product Name	APR (int)	MFIN MFI Earning (Annualised)	MFIN Cost to Borrower (Annualised)	MFIN Transparency Index
Additional Micro Credit - Upcountry	0%	25.7%	26.5%	N/A
Additional Micro credit -Metro	0%	0%	0%	N/A
Additional Micro-Credit	0%	0%	0%	N/A
Gurukul Loan	0%	20.1% - 21.2%	20.1% - 21.2%	N/A
Primary Loans - Metro	0%	0%	0%	N/A
Primary loans - Rural	0%	28.5%	29.4%	N/A
Primary Loans - Upcountry	0%	27.5%	28.4%	N/A
Primary Loans	0%	0%	0%	N/A
Second cycle loan - Metro	0%	0%	0%	N/A
Second Cycle Loan - Upcountry	0%	27.5%	28.4%	N/A
Second Cycle Loan	0%	0%	0%	N/A
Shiksha Loan	0%	20.9% - 22%	20.9% - 22%	N/A
Third Cycle Loan	0%	0%	0%	N/A
Vidya loan - Metro	0%	24.5%	25.3%	N/A
Vidya loan - Upcountry	0%	25.7%	26.5%	N/A
Vidya Loan	0%	0%	0%	N/A

*Please click here for more information

Loan Products » Pricing Information

Product Name	Annual Nominal Interest	Fees	Insurance	Taxes	Compulsory Deposit	APR (int+fee)	Full APR	Transparency Index
Additional Micro Credit - Upcountry	25.5% annual, Decl Bal	1 Fee	0 Ins	None	N/A	25.7%	26.5%	96
Additional Micro credit -Metro	24.5% annual, Decl Bal	1 Fee	0 Ins	None	N/A	0%	0%	N/A
Additional Micro-Credit	25.3%-26.3% annual, Decl Bal	0 Fees	0 Ins	None	N/A	0%	0%	N/A
Gurukul Loan	21.0% annual, Decl Bal	0 Fees	0 Ins	None	N/A	20.1% - 21.2%	20.1% - 21.2%	N/A
Primary Loans - Metro	26.5%-28.3% annual, Decl Bal	1 Fee	0 Ins	None	N/A	0%	0%	N/A
Primary loans - Rural	28.5%-30.2% annual, Decl Bal	1 Fee	0 Ins	None	N/A	28.5%	29.4%	97
Primary Loans - Upcountry	27.5%-29.2% annual, Decl Bal	2 Fees	0 Ins	None	N/A	27.5%	28.4%	97
Primary Loans	26.0% annual, Decl Bal	1 Fee	0 Ins	None	N/A	0%	0%	N/A
Second cycle loan - Metro	26.5% annual, Decl Bal	1 Fee	0 Ins	None	N/A	0%	0%	N/A
Second Cycle Loan - Upcountry	27.5% annual, Decl Bal	1 Fee	0 Ins	None	N/A	27.5%	28.4%	97
Second Cycle Loan	26.0% annual, Decl Bal	2 Fees	0 Ins	None	N/A	0%	0%	N/A
Shiksha Loan	21.0% annual, Decl Bal	0 Fees	0 Ins	None	N/A	20.9% - 22%	20.9% - 22%	N/A
Third Cycle Loan	25.4% annual, Decl Bal	1 Fee	1 Ins	None	N/A	0%	0%	N/A
Vidya loan - Metro	24.5% annual, Decl Bal	2 Fees	0 Ins	None	N/A	24.5%	25.3%	N/A
Vidya loan - Upcountry	25.5% annual, Decl Bal	1 Fee	0 Ins	None	N/A	25.7%	26.5%	96
Vidya Loan	24.5%-26.5% annual, Decl Bal	2 Fees	0 Ins	None	N/A	0%	0%	N/A

Institution Price Graph

Loan Size/

Loan Term/

Custom

Click to view Price Analysis Tool

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

Smallholder Irrigation Schemes Development Organization (SISDO) P.O. Box 76622Nairobi

Data approved: 2013-06-25

Data version: 2

Age of data: 146 months

Download Data

Analyze Data

Product

Farm Inputs Loan Product 3 of 11 « Prev | Next »

Product Details

Key Statistics

Outstanding portfolio (KES)	KES 1,515,150.23
Portfolio (USD)	USD 18,298.92
Active Clients with Loans	87
Approximate % Female Clients	40% - 60%
Approximate % Urban Clients	0% - 20%

Methodology

Individual
Solidarity group	x
Village banking
Self help group
Other

Description

Targets farmers who are in need of farm inputs.

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	x
Workplace visits	x
Business training	x
Other training
Other
Other (2)
No other services

Eligibility

Men	x
Women	x
Must run a business
Must own a home or land
Must be a salaried worker
Must be specific age group
Other	Must be a farmer
Other (2)

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

# Regions for this institution	5
# Regions for this product	5
Regions Active	Central, Eastern, Nairobi, Rift Valley, Western

Loan Conditions

Loan Amount

Currency	KES
Minimum loan size	KES 5,000
Maximum loan size	100,000

Distribution at Disbursement (Est.)

Loans less than KES 50,000	100%
KES 50,000-150,000	0
KES 150,000-250,000	0
KES 250,000-350,000	0
KES 350,000-450,000	0
Greater than KES 450,000	0

Loan Term and Grace Period

Shortest loan term	3.0 months
Longest loan term	12.0 months
Approx average	9.0 months

Distribution at Disbursement (Est.)

Loans 3 months or less	0
Between 4 and 6 months	5%
Between 7 and 9 months	5%
Between 10 and 12 months	90%
Between 13 and 18 months	0
Longer than 18 months	0

Grace Period

Grace period usage	70%
Average grace period	0.5 months

Repayment Frequency

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

Pricing Information

Interest

Lowest quoted nominal interest	22.00%
Highest quoted nominal interest	22.00%
Interest rate period	Yearly
Interest Rate Calculation Method	Flat
Subsidized by funder request?	No
Is rate fixed for entire loan term	Yes

Upfront Fees

	Fee 1
Description	Loan Processing Fee
% of loan amount - min	1.00%
% of loan amount - max	1.00%
OR, Fixed amount - min	0
Fixed amount - max	0
Reason for variation	N/A
Appears on Repayment Sched?	No

Ongoing Fees

This product has no ongoing fees

Upfront Insurance Fees

	Ins 1
Description	Insurance Fee
% of loan amount - min	2.00%
% of loan amount - max	2.00%
OR, Fixed amount - min	0
Fixed amount - max	0
Reason for variation	N/A
Appears on Repayment Sched?	No

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?	No

Deposit BEFORE or AT Disbursement

% loan amount deposited	20.00%
or, Fixed-amount deposited	0

Deposits DURING period payments

% loan amount deposited	0
or, Fixed-amount deposited	KES 100
Conditions on access to deposit	Access During

Interest Paid on Deposit

Minimum interest rate paid	0.50%
Maximum interest rate paid	0.50%
Interest payment frequency	End Term

Taxes

Are taxes charged on this product?	No

Are taxes charged on this product?

Full Pricing Data

Farm Inputs Loan samples

	Sample 1	Sample 2	Sample 3	Sample 4
Loan Amount	KES 5,000	KES 20,000	KES 50,000	KES 80,000
Loan Cycle (1, 2, 3, etc)	Not Known	Not Known	Not Known	Not Known
Disbursement Date	2013-04-26	2013-02-19	2013-02-20	2013-05-22
Loan Term (Months)	6.0 months	7.0 months	12.0 months	6.0 months
Grace Period (Months)	0.2 months	1.4 months	0.2 months	0.2 months
Total Cost of Credit	KES 700	KES 2,800	KES 12,500	KES 11,200
True Price by Comp
Interest price component	38.1%	28.1%	38.9%	38.1%
Fee Component	3.7%	2.8%	2.0%	3.7%
Insurance Component	7.6%	5.5%	4.2%	7.6%
Tax Component	0.0%	0.0%	0.0%	0.0%
Deposit Component	99.0%	21.9%	30.2%	28.9%
Full APR (int fee ins tax dep)	148.4%	58.3%	75.3%	78.3%
Transparency Index	15	38	29	28

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

Farm Inputs Loan Price Graphs

Loan Size/

Loan Term/

Custom

Click to view Price Analysis Tool

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

Institution

Institution Details

Loan Products » Summary

Loan Products » Conditions

Loan Products » MFIN India Additional Information

Loan Products » Pricing Information

Institution Price Graph

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

Farm Inputs Loan samples

Farm Inputs Loan Price Graphs

Total Borrowers of Samples

Learn More

MFTransparency News

Explore Resources