Northern Initiatives is a private nonprofit community development corporation that provides small rural businesses with access to capital, information, and markets.
Currently Viewing: 2014 Reporting Data
Summary
Provides Microenterprise LoansYes
Lending Types
Individual Lending
Tracks Credit ScoresYes
Reports Borrower Credit PerformanceNo
Microfinancing Volume
Number of Microloans Disbursed 41
Value of Microloans Disbursed $1,145,385
Value of Microloans Outstanding $2,501,421
Total Microloan Capital $2,668,529
Portfolio Quality
Mean Interest Rate 8.36%
Restructured Loans 11.56%
Total Portfolio at Risk 4.25%
Loan Loss Rate 5.25%
Loans Past Due
30 to 60 $56,701
61 to 90 $49,583
91 to 120 $0
More than 120 $0
Other Financing Products
Small Business LoansYes
Number of Small Business Loans Disbursed 23
Value of Small Business Loans Disbursed $2,670,234
Max Business Loan Amount $2,000,000
Leverage Package or Guarantee Loans?Yes
Services Provided
Training and Technical Assistance (TA) Services
Business Training (group based instruction)
Business Technical Assistance (one-on-one assistance)
