2. Trident
Please note that the information you are viewing is 143 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Trident Microfin Limited DNO:11-8-15,MIG-33, Shree Sai Arcade1ST & 2nd Floor, Saroornagar,Hyderabad, Andhra PredeshPO Box 500035
Data approved: 2012-12-18
Data version: 2
Age of data: 143 months
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Product

Group Loan for Women Weekly Product 4 of 6 « Prev | Next »

Product Details

Key Statistics
Outstanding portfolio (INR)INR 469,198,592
Portfolio (USD)USD 8,852,803.62
Active Clients with Loans68,700
Approximate % Female Clients80% - 100%
Approximate % Urban Clients40% - 60%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
Group loans to women (GLW) product is offered based on Grameen model. It is lent to a group of 4-6 women on a weekly or fornightly repayment basis.
Loan Purpose
Any purpose
Income generationx
Mortgage/housingx
Consumer loanx
Agriculture
Educationx
Other household financex
Other
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurancex
Workplace visits
Business trainingx
Other training
Other
Other (2)
No other services
Eligibility
Men
Womenx
Must run a business
Must own a home or land
Must be a salaried worker
Must be specific age group
Household income <60,000 INR
Household income <120,000 INR
Must live in rural area
Must lives in urban area
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution3
# Regions for this product3
Regions ActiveAndhra Pradesh, Madhya Pradesh, Maharashtra

Loan Conditions

Loan Amount
CurrencyINR
Minimum loan sizeINR 6,000
Maximum loan size14,000
Distribution at Disbursement (Est.)
Loans less than INR 5,0000
INR 5,000-15,000100%
INR 15,000-25,0000
INR 25,000-35,0000
INR 35,000-45,0000
Greater than INR 45,0000
Loan Term and Grace Period
Shortest loan term12.0 months
Longest loan term12.0 months
Approx average12.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months0
Between 7 and 9 months0
Between 10 and 12 months100%
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage0
Average grace period0.5 months
Repayment Frequency
Daily
Weeklyx
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 interest26.00%
Highest quoted nominal interest26.00%
Reason(s) why interest rate variesBranch
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionProcessing Fee
% of loan amount - min1.00%
% of loan amount - max1.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationService tax extra
Appears on Repayment Sched?Yes
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionInsurance Fee
% of loan amount - min1.08%
% of loan amount - max1.08%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?Yes
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forNever
CriteriaN/A
Is deposit indicated on the repayment schedule?N/A
Do borrowers control deposit in their group?N/A
Deposit BEFORE or AT Disbursement
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Deposits DURING period payments
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Conditions on access to depositN/A
Interest Paid on Deposit
Minimum interest rate paidN/A
Maximum interest rate paidN/A
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?Yes
Percentage of fees12.4%
All or some fees taxedSome

Full Pricing Data

Group Loan for Women Weekly samples
Sample 1Sample 2Sample 3
Loan AmountINR 12,000INR 14,000INR 8,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2013-03-282013-03-282013-03-27
Loan Term (Months)12.0 months12.0 months5.8 months
Grace Period (Months)0.0 months0.0 months0.0 months
Total Cost of CreditINR 1,841.83INR 2,139.30INR 692.89
True Price by Comp     
Interest price component26.0%26.0%25.7%
Fee Component2.1%2.1%4.1%
Insurance Component2.2%2.2%4.2%
Tax Component0.3%0.3%0.5%
Deposit Component0.0%0.0%0.0%
Full APR (int fee ins tax dep)30.6%30.6%34.5%
MFIN MFI Earning (Annualised)28.1%28.1%29.8%
MFIN Cost to Borrower (Annualised)30.6%30.6%34.5%
Transparency Index858575
MFIN Transparency Index100100100
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
* The APR stated here is an MFTransparency term, definition and formula
Group Loan for Women Weekly Price Graphs
0100Pricing Transparency IndexRegulated Inst.Not Regulated Inst.NBFIInstitution TypeBusinessLoan PurposeTridentInstitutionIN-077-V02-P04ProductINCountry2012YearRange Number2Institution Data Version05,00010,00015,000Loan Size (all)0%10%20%30%Full APR (int fee ins tax dep)> 110,00087,00058,00029,0003,200Number of Borrowers
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  2. Equity Bank
Please note that the information you are viewing is 145 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 TypeBank
Is this institution regulated?Yes
Website addresshttp://www.equitybank.co.ke/
Year established1984
Head of InstitutionDr. James Mwangi
Regions active0
# Branches112

Total Portfolio (nat'l)KES 62,053,365,859
Total Portfolio (USD)USD 749,436,785.70
Active clients with loans715,969
Approximate % female clients40% - 60%
Approximate % urban clients40% - 60%
Network affiliations
Funders

Loan Products » Summary

Agriculture
744 Borrowers
USD 3,595,648.99 Portfolio
Active Product
Asset
2,853 Borrowers
USD 34,138,528.90 Portfolio
Active Product
Biashara
33,530 Borrowers
USD 25,319,660.76 Portfolio
Active Product
Business
5,686 Borrowers
USD 157,505,613.60 Portfolio
Active Product
Fedha
107 Borrowers
USD 312,375.81 Portfolio
Active Product
Imara
8,283 Borrowers
USD 9,595,151.44 Portfolio
Active Product
Shaba
32,096 Borrowers
USD 11,064,777.09 Portfolio
Active Product
Farm Input
32,201 Borrowers
USD 9,431,693.48 Portfolio
Active Product
Insurance
5,092 Borrowers
USD 3,343,421.51 Portfolio
Active Product
Vijana
20,739 Borrowers
USD 6,862,289.92 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 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
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Key Statistics
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# 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
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