2. IMPRO
Please note that the information you are viewing is 130 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Incubadora de Microempresas Productivas Calle Manuel Ergueta Nº 1741, MorilloLa Paz, Bolivia
Data approved: 2013-09-10
Data version: 2
Age of data: 130 months
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Institution Details

Institution TypeNon-Governmental Organization
Is this institution regulated?No
Website addresshttp://www.improbolivia.org/
Year established1995
Head of InstitutionJosé Jimenez M.
Regions activeLa Paz
# Branches1

Total Portfolio (nat'l)BOB 19,617,663.83
Total Portfolio (USD)USD 2,906,320.57
Active clients with loans2,413
Approximate % female clients40% - 60%
Approximate % urban clients80% - 100%
Network affiliationsFINRURAL
Funders

Loan Products » Summary

Linea BOB
990 Borrowers
USD 1,111,074.74 Portfolio
Active Product
Prog BOB
216.50 Borrowers
USD 331,768.96 Portfolio
Active Product
Linea USD
990 Borrowers
USD 1,111,074.50 Portfolio
Active Product
Prog USD
216.50 Borrowers
USD 331,769 Portfolio
Active Product

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Línea de Créditos de Fomento BOB 300 - 21,000 4 - 24 40% - 60% 60% - 80% Business, Agriculture, Education Women, Men, Have business Credit Ins, Tech Asst Visits
Programa de Vivienda y Mejoramiento del Habitat BOB 300 - 10,000 6 - 24 40% - 60% 60% - 80% Housing, Other Women, Men, Have home or land Credit Ins, Tech Asst Visits
Línea de Créditos de Fomento (USD) USD 50 - 3,100 4 - 24 40% - 60% 60% - 80% Business, Agriculture, Education Women, Men, Have business Credit Ins, Tech Asst Visits
Programa de Vivienda y Mejoramiento del Habitat (USD) USD 50 - 1,500 6 - 24 40% - 60% 60% - 80% Business, Agriculture, Education Women, Men, Have business Credit Ins, Tech Asst Visits

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Línea de Créditos de Fomento 14.4%-21.6% annual, Decl Bal 1 Fee 1 Ins None N/A 25.5% - 28% 26.1% - 28.5% 53
Programa de Vivienda y Mejoramiento del Habitat 14.4%-21.6% annual, Decl Bal 1 Fee 1 Ins None N/A 19.8% - 28.6% 20.4% - 29.2% 56
Línea de Créditos de Fomento (USD) 14.4%-21.6% annual, Decl Bal 1 Fee 1 Ins None N/A 19.8% - 40.4% 20.4% - 40.9% 53
Programa de Vivienda y Mejoramiento del Habitat (USD) 14.4%-21.6% annual, Decl Bal 1 Fee 1 Ins None N/A 27.8% - 33.8% 28.4% - 34.3% 46
Institution Price Graph
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  2. ID-Ghana
Please note that the information you are viewing is 139 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

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: 139 months
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Product

Onipa Nua (Each other's keepers) Product 3 of 3 « Prev | Next »

Product Details

Key Statistics
Outstanding portfolio (GHS)GHS 1,796,008
Portfolio (USD)USD 911,679.19
Active Clients with Loans5,274
Approximate % Female Clients80% - 100%
Approximate % Urban Clients80% - 100%
Methodology
Individual
Solidarity group
Village bankingx
Self help groupx
OtherEDM Group Methodology
Description
Loan product given directly to individuals in a group of 15-30 members. Group members are required to meet weekly for training, loan repayment, and savings depositing.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurance
Workplace visits
Business trainingx
Other trainingx
OtherLife skill training, counciling, and referral services.
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a businessx
Must own a home or land
Must be a salaried worker
Must be specific age group
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution1
# Regions for this product1
Regions ActiveGreater Accra Region

Loan Conditions

Loan Amount
CurrencyGHS
Minimum loan sizeGHS 100
Maximum loan size5,000
Distribution at Disbursement (Est.)
Loans less than GHS 1,00030%
GHS 1,000-5,00070%
GHS 5,000-7,5000
GHS 7,500-10,0000
GHS 10,000-13,0000
Greater than GHS 13,0000
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term9.0 months
Approx average8.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months80%
Between 7 and 9 months20%
Between 10 and 12 months0
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage100%
Average grace period0.5 months
Repayment Frequency
Daily
Weeklyx
Every 2 weeks
Every 4 weeks
Monthly
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest3.00%
Highest quoted nominal interest3.00%
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
Subsidized by funder request?Yes
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionLoan Processing Fee
% of loan amount - min2.00%
% of loan amount - max2.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?Yes
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
This product has no upfront insurance fees
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forNever
CriteriaN/A
Is deposit indicated on the repayment schedule?N/A
Do borrowers control deposit in their group?N/A
Deposit BEFORE or AT Disbursement
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Deposits DURING period payments
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Conditions on access to depositN/A
Interest Paid on Deposit
Minimum interest rate paidN/A
Maximum interest rate paidN/A
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No
Additional Comments
This is a group methodology with individual responsibility. The group is not held responsible when a member defaults . Training are delivered to them as a group.

Full Pricing Data

Onipa Nua (Each other's keepers) samples
Sample 1Sample 2Sample 3
Loan AmountGHS 300GHS 700GHS 1,400
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2013-02-012013-02-012013-02-01
Loan Term (Months)4.9 months4.9 months4.8 months
Grace Period (Months)0.2 months0.2 months0.2 months
Total Cost of CreditGHS 47.54GHS 110.92GHS 221.85
True Price by Comp     
Interest price component60.6%60.6%61.4%
Fee Component9.7%9.7%9.8%
Insurance Component0.0%0.0%0.0%
Tax Component0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%
Full APR (int fee ins tax dep)70.3%70.3%71.2%
Transparency Index515151
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
Onipa Nua (Each other's keepers) Price Graphs


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Key Statistics
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# 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
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