| 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 |
| Institution Type | Credit Union / Cooperative |
| Is this institution regulated? | Yes |
| Website address | http://www.cct.org.ph/ |
| Year established | 2003 |
| Head of Institution | Ruth S. Callanta |
| Regions active | |
| # Branches | 132 |
| Total Portfolio (nat'l) | PhP 387,176,016 |
| Total Portfolio (USD) | USD 9,262,584.12 |
| Active clients with loans | 76,168 |
| Approximate % female clients | 80% - 100% |
| Approximate % urban clients | 40% - 60% |
| Network affiliations | NATTCO, MCPI, Hope International, Peer Servants |
| Funders | Five Talents USA, United Kingdom, Tear Fund, New Zealand, Cross International, USA, End Poverty |
| 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 | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Growth Enterprise Loan | PHP 51,000 - 700,000 | 6 - 12 | 60% - 80% | 40% - 60% | Business | Women, Men, Have business, Have home or land, Must be community resident for at least 5 years | Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training, Other Training, Values Development, Personal Counselling and Life Skills Training | |||||||
| Housing Loan | PHP 10,000 - 30,000 | 12 | 20% - 40% | 40% - 60% | Housing | Women, Men, Have business, Have home or land, Must meet requirements of CCT regular business loan | Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training, Other Training, values development, personal counselling, life skills training, health care | |||||||
| Regular Business Loan 4 months | PHP 4,000 - 50,000 | 3.5 | 80% - 100% | 60% - 80% | Business | Women, Men, Have business, Have home or land, Must be community resident for at least 5 years | Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training, Values Development, Personal Counselling and Life Skills Training, Health Care | |||||||
| Regular Business Loan 6 months | PHP 11,000 - 50,000 | 6 | 80% - 100% | 60% - 80% | Business | Women, Men, Have business, Have home or land, Must be community resident for at least 5 years | Credit Educ, Group Mtgs, Tech Asst Visits, Values Development, Personal Counselling and Life Skills Training, Business mentoring |
| 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 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Growth Enterprise Loan | 10.0%-24.0% annual, Flat | 1 Fee | 0 Ins | None | 30.0% upfront 100.00 ongoing | 56.1% - 60.2% | 109.8% - 121.5% | 8 | ||||||||
| Housing Loan | 18.0% annual, Flat | 1 Fee | 0 Ins | None | 30.0% upfront 50.00 ongoing | 36.9% - 37% | 55.6% - 56.3% | 32 | ||||||||
| Regular Business Loan 4 months | 37.6% annual, Flat | 1 Fee | 0 Ins | None | 20.0% upfront 50.00 ongoing | 92.2% | 139.9% | 27 | ||||||||
| Regular Business Loan 6 months | 40.0% annual, Flat | 1 Fee | 0 Ins | None | 20.0% upfront 100.00 ongoing | 87.6% | 131.3% - 131.4% | 30 |
| 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 |
| Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Growth Enterprise Loan | 10.0%-24.0% annual, Flat | 1 Fee | 0 Ins Ins | None | 30.0% upfront 100.00 ongoing | 56.1% - 60.2% | 109.8% - 121.5% | 8 | ||||||||
| Housing Loan | 18.0% annual, Flat | 1 Fee | 0 Ins Ins | None | 30.0% upfront 50.00 ongoing | 36.9% - 37% | 55.6% - 56.3% | 32 | ||||||||
| Regular Business Loan 4 months | 37.6% annual, Flat | 1 Fee | 0 Ins Ins | None | 20.0% upfront 50.00 ongoing | 92.2% | 139.9% | 27 | ||||||||
| Regular Business Loan 6 months | 40.0% annual, Flat | 1 Fee | 0 Ins Ins | None | 20.0% upfront 100.00 ongoing | 87.6% | 131.3% - 131.4% | 30 |
| Key Statistics | |
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| % 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 |
|---|---|---|---|---|---|---|---|
