Asociación Pro fomento de Proyectos Productivos de la Sub Región de San Ramón

Gross Loan Portfolio USD, 2010: 1.3 million

Number of active borrowers 2010: 358

Average loan balance per borrower USD, 2010: 3,618.9

Deposits USD, 2010: 0.0

Assets USD, 2010: 1.5 million

Number of depositors 2010: 0

Mission:

Acompañar el crecimiento y desarrollo de los micro empresarios de la región de Sa Ramón, mediante prestación oportuna, eficiente y competitiva de servicios financieros y complementarios, logrando a la vez la sotenibilidad de la Asociación.

Background and Main Challenges:

Entidad creada para apoyar a micro empresarios, que en eso años no eran atendidos por la banca nacional. a) Estabilidad Financiera. B) Ampliar radio de acción. C) Mayor posicionamiento. D) Mejores condiciones contra competencia.

Address:

100 Oeste del Colegio Julio Acosta García, San Ramón Centro

San Ramón

Alajuela

62-4250

Costa Rica

Phone:

(506) 2445-7660

Fax:

(506) 2445-6650

Email:

asoprosr [at] ice [dot] co [dot] cr

Main Funding Sources:

Loans

Products and Services:

Loans

Insurance

Services Provided:

Second-tier Lending to MFIs

Looking for (Investment Types):

Equity

Loans in Local Currency

Date established:

Mar 1 1982

FYE:

31-Dec

Current Legal Status:

NGO

Regulated:

Social Performance Profile


+ Mission specifics
+ Target markets (ranked by importance)
Clients living in rural areas	1
Clients living in urban areas	2
Women	3
+ Development goals (ranked by importance)
Increased access to financial services	1
Growth of existing businesses	2
Employment generation	3
Development of start-up enterprises	4
Poverty reduction	5
+ Poverty targets
Low income clients
+ Governance
Has trained members of its board on social performance management
+ Range of products and services
+ Financial products and services offered
+ Credit products offered
Microcredit loans for microenterprises
SME loans
Loans for agriculture
+ Savings products offered
+ Compulsory insurance products required
Compulsory credit life insurance
+ Voluntary insurance products offered
+ Other financial products and services offered
+ Non-financial services offered
+ Enterprise services offered
+ Education services offered
+ Health services offered
+ Women's empowerment services offered
+ Products and services targeting the poor
Products and services specifically designed to target the poor:
+ Social responsibility to clients
+ Client protection principles in use
The loan approval process requires evaluation of borrower repayment capacity and loan affordability. Loan approval does not rely solely on guarantees (whether peer guarantees, co-signers or collateral) as a substitute for good capacity analysis.
Prices, terms and conditions of all financial products are fully disclosed to the customer prior to sale, including interest charges, insurance premiums, minimum balances, all fees, penalties, linked products, third party fees, and whether these can change over time.
+ Cost of services to clients
Declining balance interest method
+ Social responsibility to staff
+ Human resources
Equality (anti-discrimination, equal pay for men and women with equivalent skill levels)
+ Basis of staff incentives related to social performance
+ Social responsibility to the environment
This institution raises clients' awareness about environmental impacts
+ Poverty measurement tools in use

Partnerships

Current
Name	Relationship
Oikocredit	Funding
REDCAMIF	Network Affiliation
REDCOM	Network Affiliation

MFI Report