Institution Type | Non-Governmental Organization |
Is this institution regulated? | Yes |
Website address | http://www.cranmicrofinance.org |
Year established | 1993 |
Head of Institution | Dr. Patrick Agbesingale |
Regions active | Central Region, Western Region, Volta Region |
# Branches | 5 |
Total Portfolio (nat'l) | GHS 2,008,192 |
Total Portfolio (USD) | USD 1,019,386.80 |
Active clients with loans | 3,613 |
Approximate % female clients | 80% - 100% |
Approximate % urban clients | 40% - 60% |
Network affiliations | GHAMFIN, ASSFIN, GAMC |
Funders | CORDAID, TERA JANE, KIVA |
Institution Type | Private 'For-Profit' |
Is this institution regulated? | Yes |
Website address | http://www.myinnovativefinance.com/ |
Year established | 1999 |
Head of Institution | Sheila Azuntaba |
Regions active | 0 |
# Branches | 2 |
Total Portfolio (nat'l) | GHS 576,895 |
Total Portfolio (USD) | USD 384,596.67 |
Active clients with loans | 356 |
Approximate % female clients | 60% - 80% |
Approximate % urban clients | 60% - 80% |
Network affiliations | GHANA COOPERATIVE OF SUSU COLLECTORS ASSOCIATION, GHANA MICROFINANCE NETWORK |
Funders |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Group Loans | GHS 200 - 3,000 | 4 - 12 | 40% - 60% | 40% - 60% | Business | Women, Men, Have business | Credit Educ, Group Mtgs, Credit Ins, Savings promotion | |||||||
Individual Loan | GHS 200 - 10,000 | 6 - 12 | 60% - 80% | 40% - 60% | Business | Women, Men, Have business | Credit Educ, Credit Ins, Savings promotion |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Innovative Auto Loan | 0 | 0 | 0% - 20% | 80% - 100% | ||||||||||
Innovative Micro-Leasing | 0 | 0 | 60% - 80% | 60% - 80% | ||||||||||
Susu Loan | GHS 200 - 1,500 | 3 - 8 | 60% - 80% | 60% - 80% |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Group Loans | 42.00% annual, Flat | 1 Fee | 1 Ins | None | 20.00% upfront | 73.3% - 73.5% | 112.8% - 114% | 37 | ||||||||
Individual Loan | 42.00% annual, Flat | 1 Fee | 1 Ins | None | 20.00% upfront | 72.3% - 73.5% | 106.1% - 112% | 37 |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Innovative Auto Loan | 0.00% annual, 0 | 0 Fees | 0 Ins | 119.5% - 143.2% | 205.7% - 261% | |||||||||||
Innovative Micro-Leasing | 0.00% annual, 0 | 0 Fees | 0 Ins | 109.1% - 145.4% | 202% - 264.9% | |||||||||||
Susu Loan | 60.00%-0.00% annual, Flat | 2 Fees | 1 Ins | 138.9% - 157.7% | 256.4% - 287.6% | 21 |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Group Loans | 42.00% annual, Flat | 1 Fee | 1 Ins Ins | None | 20.00% upfront | 73.3% - 73.5% | 112.8% - 114% | 37 | ||||||||
Individual Loan | 42.00% annual, Flat | 1 Fee | 1 Ins Ins | None | 20.00% upfront | 72.3% - 73.5% | 106.1% - 112% | 37 |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Innovative Auto Loan | 0.00% annual, 0 | 0 Fees | 0 Ins Ins | 119.5% - 143.2% | 205.7% - 261% | |||||||||||
Innovative Micro-Leasing | 0.00% annual, 0 | 0 Fees | 0 Ins Ins | 109.1% - 145.4% | 202% - 264.9% | |||||||||||
Susu Loan | 60.00%-0.00% annual, Flat | 2 Fees | 1 Ins Ins | 138.9% - 157.7% | 256.4% - 287.6% | 21 |
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