Institution # Borrowers Portfolio (US$) Products Age of Data
KBL468,300120,082,0001664
KF233,60041,416,000463
NRSP399,90070,157,000364
ASA230,40029,637,000364
TMFB221,20085,449,000764
FMFB163,54438,481,323982
TRDP100,00013,817,000364
PRSP75,6569,907,176382
BRAC^P57,30011,869,000364
SRSO51,1007,775,000364
SSF46,0004,776,000364
FINCA82,00043,559,000964
JWS36,0006,545,000264
RCDS35,5524,856,122482
DAMEN35,1857,150,864182
FFO22,4003,335,000364
OLP21,4003,510,000364
CSC17,6003,147,000164
AMRDO13,8001,206,000564
WMBL13,8006,105,000364
Mojaz13,4002,415,000264
SDF11,5001,041,000464
POMFB8,5002,795,000464
OPD7,500918,000264
AGAHE7,300797,000264
NRDP6,1841,521,972382
GBTI6,100669,000382
WASIL4,3001,135,000264
Micro Options4,000768,000564
VDO3,900489,000382
SVDP3,900811,0001382
SRDO3,500766,000464
OSDI2,000923,000364
APMBL1,8001,401,000364
BEDF1,400209,000382
KCDO80094,000182
Please note that the information you are viewing is 90 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.O. Box CT 153
Data approved: 2013-03-20
Data version: 2
Age of data: 90 months

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

231 Borrowers
USD 39,593.91 Portfolio
Active Product
275 Borrowers
USD 27,918.78 Portfolio
Active Product
2,250 Borrowers
USD 286,802.03 Portfolio
Active Product
Retired Product
Retired Product

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
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
Institution Price Graph
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