| Institution Type | Private 'For-Profit' |
| Is this institution regulated? | N/A |
| Website address | N/A |
| Year established | 2004 |
| Head of Institution | Delphin NGAMIJE |
| Regions active | 0 |
| # Branches | 13 |
| Total Portfolio (nat'l) | RWF 1,800,000,000 |
| Total Portfolio (USD) | USD 3,050,847.46 |
| Active clients with loans | 12,000 |
| Approximate % female clients | 60% - 80% |
| Approximate % urban clients | 0% - 20% |
| Network affiliations | AMIR, Terrafina |
| Funders | Trovaire, International Alert, Oxfam GB, PDRCIU |
| Institution Type | Non-Governmental Organization |
| Is this institution regulated? | Yes |
| Website address | http://www.myinnovativefinance.com/ |
| Year established | 1999 |
| Head of Institution | Sheila Azuntaba |
| Regions active | Greater Accra Region, Northern Region |
| # Branches | 2 |
| Total Portfolio (nat'l) | GHS 698,000 |
| Total Portfolio (USD) | USD 354,314.72 |
| Active clients with loans | 2,756 |
| Approximate % female clients | 60% - 80% |
| Approximate % urban clients | 60% - 80% |
| Network affiliations | Ghana Cooperative of Susu Collectors Association, ASSFIN |
| Funders |
| Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Agriculture Loan | RWF 500,000 - 2,500,000 | 12 | 60% - 80% | 0% - 20% | ||||||||||
| Credit Femme Entrepreneur Loan | RWF 600,000 - 4,000,000 | 3 - 36 | 60% - 80% | 0% - 20% | ||||||||||
| Group Solidaire Commerce Loan | RWF 500,000 - 2,500,000 | 6 - 8 | 60% - 80% | 0% - 20% |
| 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 |
| Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Agriculture Loan | 24.00%-0.00% annual, Flat | 1 Fee | 0 Ins | 31.2% - 33.3% | 43.6% - 47% | |||||||||||
| Credit Femme Entrepreneur Loan | 15.00%-0.00% annual, Flat | 1 Fee | 0 Ins | N/A | 25.9% - 27.9% | 26.3% - 28.2% | ||||||||||
| Group Solidaire Commerce Loan | 24.00%-0.00% annual, Flat | 1 Fee | 0 Ins | 32.9% - 42.2% | 101% - 137.2% |
| 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 |
| Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Agriculture Loan | 24.00%-0.00% annual, Flat | 1 Fee | 0 Ins Ins | 31.2% - 33.3% | 43.6% - 47% | |||||||||||
| Credit Femme Entrepreneur Loan | 15.00%-0.00% annual, Flat | 1 Fee | 0 Ins Ins | N/A | 25.9% - 27.9% | 26.3% - 28.2% | ||||||||||
| Group Solidaire Commerce Loan | 24.00%-0.00% annual, Flat | 1 Fee | 0 Ins Ins | 32.9% - 42.2% | 101% - 137.2% |
| 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 |
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