2. Innovative Finance
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  2. Amanecer
Please note that the information you are viewing is 160 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Innovative Finance The Ghana Tours Building, C122/2 Farrar AvenueAdabrakaAccra, Greater AccraP. BOX CT153
Data approved: 2011-12-07
Data version: 1
Age of data: -   months 
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Institution

FUNDACIÓN AMANECER Calle 24 No. 20 A 27Yopal, Casanare
Data approved: 2011-09-15
Data version: 1
Age of data: 160 months

Institution Details

Institution TypePrivate 'For-Profit'
Is this institution regulated?Yes
Website addresshttp://www.myinnovativefinance.com/
Year established1999
Head of InstitutionSheila Azuntaba
Regions active0
# Branches2

Total Portfolio (nat'l)GHS 576,895
Total Portfolio (USD)USD 384,596.67
Active clients with loans356
Approximate % female clients60% - 80%
Approximate % urban clients60% - 80%
Network affiliationsGHANA COOPERATIVE OF SUSU COLLECTORS ASSOCIATION, GHANA MICROFINANCE NETWORK
Funders

Institution Details

Institution TypeNon-Governmental Organization
Is this institution regulated?No
Website addressN/A
Year established1994
Head of InstitutionCesar Ivan Velosa Poveda
Regions active
# Branches6

Total Portfolio (nat'l)COP 15,034,582,670
Total Portfolio (USD)USD 8,260,759.71
Active clients with loans3,993
Approximate % female clients40% - 60%
Approximate % urban clients60% - 80%
Network affiliationsEmprender, Asomicrofinanzas
Funders

Loan Products » Summary

Innovative Auto Loan
4 Borrowers
USD 7,237 Portfolio
Active Product
Innovative Micro-Leasing
3 Borrowers
USD 4,000 Portfolio
Active Product
Susu Loan
165 Borrowers
USD 104,171 Portfolio
Active Product

Loan Products » Summary

Empresarial
2,664 Borrowers
USD 5,039,809.85 Portfolio
Active Product
Microvivien
583 Borrowers
USD 1,468,426 Portfolio
Active Product
Producti.
304 Borrowers
USD 294,588.47 Portfolio
Active Product
Germina
830 Borrowers
USD 1,450,819.67 Portfolio
Active Product

Loan Products » Conditions

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%

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Desarrollo Empresarial COP 515,000 - 25,750,000 6 - 30 40% - 60% 80% - 100% Business Women, Men, Have business Tech Asst Visits, Business Training
Microvivienda COP 515,000 - 25,750,000 6 - 30 40% - 60% 60% - 80% Housing Women, Men, Have business Credit Educ
Nucleos Solidarios Productivos COP 515,000 - 5,150,000 6 - 24 40% - 60% 0% - 20% Business Women, Men, Have business Group Mtgs, Business Training, Giras Técnicas
Rural Individual - Germina COP 515,000 - 12,875,000 6 - 30 40% - 60% 0% - 20% Business Women, Men, Have business Group Mtgs, Giras Técnicas

Loan Products » Pricing Information

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

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Desarrollo Empresarial 29.5% annual, Decl Bal 1 Fee 1 Ins None N/A 29.6% - 35% 30.1% - 38% 88
Microvivienda 29.5% annual, Decl Bal 0 Fees 1 Ins None N/A 29.6% - 31.1% 30% - 33.7% 91
Nucleos Solidarios Productivos 29.5% annual, Decl Bal 0 Fees 1 Ins None N/A 29.6% - 31% 32.4% - 33.2% 90
Rural Individual - Germina 24.0% annual, Decl Bal 0 Fees 1 Ins None N/A 24% - 26.3% 25.6% - 33.9% 83

Loan Products » Pricing Information

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

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Desarrollo Empresarial 29.5% annual, Decl Bal 1 Fee 1 Ins Ins None N/A 29.6% - 35% 30.1% - 38% 88
Microvivienda 29.5% annual, Decl Bal 0 Fees 1 Ins Ins None N/A 29.6% - 31.1% 30% - 33.7% 91
Nucleos Solidarios Productivos 29.5% annual, Decl Bal 0 Fees 1 Ins Ins None N/A 29.6% - 31% 32.4% - 33.2% 90
Rural Individual - Germina 24.0% annual, Decl Bal 0 Fees 1 Ins Ins None N/A 24% - 26.3% 25.6% - 33.9% 83
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