Institution # Borrowers Portfolio (US$) Products Age of Data
KBL468,300120,082,0001671
KF233,60041,416,000470
NRSP399,90070,157,000371
ASA230,40029,637,000371
TMFB221,20085,449,000771
FMFB163,54438,481,323989
TRDP100,00013,817,000371
PRSP75,6569,907,176389
BRAC^P57,30011,869,000371
SRSO51,1007,775,000371
SSF46,0004,776,000371
FINCA82,00043,559,000971
JWS36,0006,545,000271
RCDS35,5524,856,122489
DAMEN35,1857,150,864189
FFO22,4003,335,000371
OLP21,4003,510,000371
CSC17,6003,147,000171
AMRDO13,8001,206,000571
WMBL13,8006,105,000371
Mojaz13,4002,415,000271
SDF11,5001,041,000471
POMFB8,5002,795,000471
OPD7,500918,000271
AGAHE7,300797,000271
NRDP6,1841,521,972389
GBTI6,100669,000389
WASIL4,3001,135,000271
Micro Options4,000768,000571
VDO3,900489,000389
SVDP3,900811,0001389
SRDO3,500766,000471
OSDI2,000923,000371
APMBL1,8001,401,000371
BEDF1,400209,000389
KCDO80094,000189
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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: 97 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
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