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Institution

Opportunity Kenya Geomaps CenterMatumbato Road, Upper HillNairobi
Data approved: 2010-09-14
Data version: 1
Age of data: -   months 

Institution

Initiative Development-Ghana FNGO Head OfficeStephens Close, Dansoman SNNIT Flats, Opposite Block 15Accra, Greater AccraP.O. Box GP 19382
Data approved: 2013-02-19
Data version: 2
Age of data: 132 months

Institution Details

Institution TypeNon Bank Financial Institution
Is this institution regulated?Yes
Website addresshttp://www.opportunity.org/
Year established2006
Head of InstitutionJohn Giles
Regions active0
# Branches12

Total Portfolio (nat'l)KES 224,000,000
Total Portfolio (USD)USD 2,705,314.01
Active clients with loans6,758
Approximate % female clients40% - 60%
Approximate % urban clients80% - 100%
Network affiliations
Funders

Institution Details

Institution TypeNon-Governmental Organization
Is this institution regulated?Yes
Website addresshttp://www.idghana.org/
Year established1998
Head of InstitutionStephen Mawuli Kwesi Dugbazah
Regions activeGreater Accra Region
# Branches5

Total Portfolio (nat'l)GHS 1,879,142
Total Portfolio (USD)USD 953,879.19
Active clients with loans5,689
Approximate % female clients80% - 100%
Approximate % urban clients80% - 100%
Network affiliationsGHAMFIN, ASSFIN, AMT
FundersEntrepreneurs du Monde, Air Liquide, TECHNIP, French Embassy

Loan Products » Summary

6,500 Borrowers
USD 2,294,685.99 Portfolio
Active Product
200 Borrowers
USD 77,294.69 Portfolio
Active Product
120 Borrowers
USD 31,400.97 Portfolio
Active Product

Loan Products » Summary

277 Borrowers
USD 38,994.42 Portfolio
Active Product
138 Borrowers
USD 3,205.08 Portfolio
Active Product
5,274 Borrowers
USD 911,679.19 Portfolio
Active Product

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Msingi Loan KES 10,000 - 500,000 6 - 18 40% - 60% 80% - 100% Business Women, Men, Have business, In business for a minium of 12 months Credit Educ, Group Mtgs, Credit Ins, Fire/burglary insurance
Nguzo Loan KES 50,000 - 500,000 6 - 18 40% - 60% 80% - 100% Business Women, Men, Have business, In business for a minimum of 24 months Credit Educ, Group Mtgs, Credit Ins, Insurance Fire/Burglary
Somesha (Education) Loan KES 5,000 - 50,000 3 - 12 80% - 100% 80% - 100% Education Women, Men, Have business, Must bring school records Credit Educ, Group Mtgs, Credit Ins, Insurance Fire/Burglary

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Front Desk GHS 100 - 5,000 3 - 9 80% - 100% 80% - 100% Business Women, Men, Have business Credit Educ, Business Training, Other Training, Life skill training, counciling, and referral services.
Kick Start GHS 20 - 200 6 80% - 100% 80% - 100% Business Women Credit Educ, Group Mtgs, Business Training, Other Training, Life skill training, counciling, and referral services.
Onipa Nua (Each other's keepers) GHS 100 - 5,000 3 - 9 80% - 100% 80% - 100% Business Women, Men, Have business Credit Educ, Group Mtgs, Business Training, Other Training, Life skill training, counciling, and referral services.

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Msingi Loan 16.0%-22.0% annual, Flat 0 Fees 1 Ins None 20.0% upfront 100.00 ongoing 0% 0% N/A
Nguzo Loan 16.0%-22.0% annual, Flat 0 Fees 1 Ins None 25.0% upfront 100.00 ongoing 0% 0% N/A
Somesha (Education) Loan 16.0% annual, Flat 1 Fee 1 Ins None 15.0% upfront 50.00 ongoing 0% 0% N/A

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Front Desk 36.0% annual, Flat 1 Fee 0 Ins None N/A 68.9% - 74.9% 68.9% - 74.9% 49
Kick Start 0.0% annual, Flat 0 Fees 0 Ins None N/A 0% 0% 100
Onipa Nua (Each other's keepers) 36.0% annual, Flat 1 Fee 0 Ins None N/A 70.3% - 71.2% 70.3% - 71.2% 50

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Msingi Loan 16.0%-22.0% annual, Flat 0 Fees 1 Ins Ins None 20.0% upfront 100.00 ongoing 0% 0% N/A
Nguzo Loan 16.0%-22.0% annual, Flat 0 Fees 1 Ins Ins None 25.0% upfront 100.00 ongoing 0% 0% N/A
Somesha (Education) Loan 16.0% annual, Flat 1 Fee 1 Ins Ins None 15.0% upfront 50.00 ongoing 0% 0% N/A

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Front Desk 36.0% annual, Flat 1 Fee 0 Ins Ins None N/A 68.9% - 74.9% 68.9% - 74.9% 49
Kick Start 0.0% annual, Flat 0 Fees 0 Ins Ins None N/A 0% 0% 100
Onipa Nua (Each other's keepers) 36.0% annual, Flat 1 Fee 0 Ins Ins None N/A 70.3% - 71.2% 70.3% - 71.2% 50
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