Institution

Banco Solidario S.A Av. Amazonas 3887 y CoreaQuito, Pichincha28034
Data approved: 2011-11-01
Data version: 1
Age of data: 163 months

Institution

Rich Step Investment Head OfficeTemaKpone, Greater AccraP.O. Box SC116
Data approved: 2013-03-14
Data version: 2
Age of data: 132 months

Institution Details

Institution TypeBank
Is this institution regulated?Yes
Website addresshttp://www.banco-solidario.com/
Year established1996
Head of InstitutionMICHEL BURBANO VALENZUELA
Regions active
# Branches37

Total Portfolio (nat'l)USD 289,095,675
Total Portfolio (USD)USD 289,095,675
Active clients with loans134,799
Approximate % female clients60% - 80%
Approximate % urban clients60% - 80%
Network affiliationsAccion Internacional, Red Financiera Rural
FundersBanco Universal S.A Unibanco, Accion, SPC, Northstar Investments Holdings Corporation, Indemnity Advisors Inc

Institution Details

Institution TypeNon Bank Financial Institution
Is this institution regulated?Yes
Website addresshttp://www.richstepinvestment.com
Year established2007
Head of InstitutionStephen Dzovor
Regions activeGreater Accra Region
# Branches9

Total Portfolio (nat'l)GHS 200,000
Total Portfolio (USD)USD 101,522.84
Active clients with loans150
Approximate % female clients60% - 80%
Approximate % urban clients80% - 100%
Network affiliationsGHAMFIN, GCSCA
Funders

Loan Products » Summary

79,773 Borrowers
USD 221,716,874 Portfolio
Active Product

Loan Products » Summary

150 Borrowers
USD 101,522.84 Portfolio
Active Product

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Microempresa USD 1,000 - 20,000 6 - 49.7 40% - 60% 60% - 80% Any Purpose Women, Men, Have business Credit Ins

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Petty Traders Loan GHS 50 - 1,000 1 - 5 40% - 60% 80% - 100% Business Women, Men, Have business, Have home or land, Specific age group Group Mtgs, Credit Ins, Other Training

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Microempresa 19.0%-27.0% annual, Decl Bal 0 Fees 1 Ins None N/A 24.2% - 27% 26.2% - 30.5% 66

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Petty Traders Loan 60.00%-120.00% annual, Flat 2 Fees 0 None 25.00% upfront 147.3% - 245.4% 259.4% - 420.1% 16

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Microempresa 19.0%-27.0% annual, Decl Bal 0 Fees 1 Ins Ins None N/A 24.2% - 27% 26.2% - 30.5% 66

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Petty Traders Loan 60.00%-120.00% annual, Flat 2 Fees 0 None 25.00% upfront 147.3% - 245.4% 259.4% - 420.1% 16
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Key Statistics
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Country InstAbbrev SampleCode Loan Amount USD Loan Term (Months) SampClients FullAPR DateApproved
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