2. COAC San José
Please note that the information you are viewing is 163 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. Innovative Finance
Please note that the information you are viewing is 132 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

COAC San José San Jose de Chimbo, calle Chimborazo 536 y 3 de MarzoCanton Chimbo, Provincia Bolivar
Data approved: 2010-11-08
Data version: 1
Age of data: 163 months

Institution

Innovative Finance The Ghana Tours Building, C122/2 Farrar AvenueAdabrakaAccra, Greater AccraP.O. Box CT 153
Data approved: 2013-03-20
Data version: 2
Age of data: 132 months
Choose version

Institution Details

Institution TypeCredit Union / Cooperative
Is this institution regulated?Yes
Website addresshttp://coopsanjose.fin.ec/
Year established1964
Head of InstitutionJosé Guillen Sierra
Regions active
# Branches6

Total Portfolio (nat'l)USD 30,756,404.80
Total Portfolio (USD)USD 30,756,404.80
Active clients with loans10,594
Approximate % female clients40% - 60%
Approximate % urban clients20% - 40%
Network affiliations
Funders

Institution Details

Institution TypeNon-Governmental Organization
Is this institution regulated?Yes
Website addresshttp://www.myinnovativefinance.com/
Year established1999
Head of InstitutionSheila Azuntaba
Regions activeGreater Accra Region, Northern Region
# Branches2

Total Portfolio (nat'l)GHS 698,000
Total Portfolio (USD)USD 354,314.72
Active clients with loans2,756
Approximate % female clients60% - 80%
Approximate % urban clients60% - 80%
Network affiliationsGhana Cooperative of Susu Collectors Association, ASSFIN
Funders

Loan Products » Summary

Sueldo
932 Borrowers
USD 175,901 Portfolio
Active Product
Consumo
2,724 Borrowers
USD 12,223,241.28 Portfolio
Active Product
Vencimiento
1,945 Borrowers
USD 1,531,514.57 Portfolio
Active Product
Mensual
397 Borrowers
USD 132,380.51 Portfolio
Active Product
Individual
4,498 Borrowers
USD 15,070,871.05 Portfolio
Active Product

Loan Products » Summary

Individual
231 Borrowers
USD 39,593.91 Portfolio
Active Product
Susu
275 Borrowers
USD 27,918.78 Portfolio
Active Product
Group
2,250 Borrowers
USD 286,802.03 Portfolio
Active Product
Innovative Auto Loan
Retired Product
Innovative Micro-Leasing
Retired Product

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Anticipo de Sueldo USD 20 - 305 3 0% - 20% 40% - 60% Any Purpose Women, Men, Salaried worker Credit Ins
Consumo USD 100 - 20,000 3 - 84 40% - 60% 40% - 60% Any Purpose Women, Men, Salaried worker Credit Ins
Microcredito Grupal Pago al Vencimiento USD 600 - 1,600 6 - 12 40% - 60% 0% - 20% Business, Capital de Trabajo Women, Men, Have business Credit Educ, Group Mtgs, Credit Ins
Microcredito Grupal Pago Mensual USD 400 - 4,000 6 - 24 40% - 60% 0% - 20% Business, Capital de Trabajo Women, Men, Have business Credit Educ, Group Mtgs, Credit Ins
Microcredito Individual USD 100 - 20,000 3 - 72 0% - 20% 40% - 60% Business Women, Men, Have business Credit Ins

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Individual Small Enterprise Loan GHS 2,000 - 10,000 6 - 18 60% - 80% 80% - 100% Business, Consumer, Education Women, Men, Have business, Salaried worker, Must be Innovative Finance client for at least a year Credit Educ, Credit Ins, Tech Asst Visits, Business Training
Susu Loan GHS 200 - 1,500 3 - 8 60% - 80% 60% - 80% Business, Education, Other Women, Men, Have business, Specific age group, Must contribute daily savings prior to receiving loan. Must have guarantor., Must have been working for the past 2-3 years Credit Educ, Tech Asst Visits, Business Training, Other Training
Group Loan GHS 300 - 800 4 - 5 100% 20% - 40% Business Women Credit Educ, Tech Asst Visits, Business Training

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Anticipo de Sueldo 12.9% annual, Decl Bal 1 Fee 0 Ins None 1.00% ongoing 2.00 ongoing 13.1% 13.6% 95
Consumo 12.9% annual, Decl Bal 1 Fee 0 Ins None 1.00% ongoing 2.00 ongoing 13.1% 13.6% - 13.8% 94
Microcredito Grupal Pago al Vencimiento 18.0% annual, Decl Bal 1 Fee 0 Ins None 12.00 ongoing 18.3% - 18.5% 18.9% 95
Microcredito Grupal Pago Mensual 18.0% annual, Decl Bal 1 Fee 0 Ins None 1.00% ongoing 2.00 ongoing 18.2% - 18.3% 18.9% - 19.1% 94
Microcredito Individual 18.0% annual, Decl Bal 1 Fee 0 Ins None 6.7% upfront 1.00% ongoing 2.00 ongoing 18.2% - 18.3% 20.7% - 21.5% 85

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Individual Small Enterprise Loan 60.00%-84.00% annual, Flat 1 Fee 1 Ins None 30.00% upfront 105.8% - 121.6% 194% - 216.6% 29
Susu Loan 60.00%-84.00% annual, Flat 2 Fees 1 Ins None 30.00% upfront 99.5% - 131.9% 166.9% - 235.4% 28
Group Loan 42.00%-60.00% annual, Flat 2 Fees 0 Ins None 10.00%-15.00% upfront 118.2% - 119.5% 143.7% - 154.4% 28

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Anticipo de Sueldo 12.9% annual, Decl Bal 1 Fee 0 Ins Ins None 1.00% ongoing 2.00 ongoing 13.1% 13.6% 95
Consumo 12.9% annual, Decl Bal 1 Fee 0 Ins Ins None 1.00% ongoing 2.00 ongoing 13.1% 13.6% - 13.8% 94
Microcredito Grupal Pago al Vencimiento 18.0% annual, Decl Bal 1 Fee 0 Ins Ins None 12.00 ongoing 18.3% - 18.5% 18.9% 95
Microcredito Grupal Pago Mensual 18.0% annual, Decl Bal 1 Fee 0 Ins Ins None 1.00% ongoing 2.00 ongoing 18.2% - 18.3% 18.9% - 19.1% 94
Microcredito Individual 18.0% annual, Decl Bal 1 Fee 0 Ins Ins None 6.7% upfront 1.00% ongoing 2.00 ongoing 18.2% - 18.3% 20.7% - 21.5% 85

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Individual Small Enterprise Loan 60.00%-84.00% annual, Flat 1 Fee 1 Ins Ins None 30.00% upfront 105.8% - 121.6% 194% - 216.6% 29
Susu Loan 60.00%-84.00% annual, Flat 2 Fees 1 Ins Ins None 30.00% upfront 99.5% - 131.9% 166.9% - 235.4% 28
Group Loan 42.00%-60.00% annual, Flat 2 Fees 0 Ins Ins None 10.00%-15.00% upfront 118.2% - 119.5% 143.7% - 154.4% 28
Institution Price Graph
Click to view Price Analysis Tool
Institution Price Graph
Click to view Price Analysis Tool
Caps / Zoom options
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
Filter table:
Country InstAbbrev SampleCode Loan Amount USD Loan Term (Months) SampClients FullAPR DateApproved
Loading...
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

Total Borrowers of Samples

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