Your SlideShare is downloading. ×
  • Like

Now you can save presentations on your phone or tablet

Available for both IPhone and Android

Text the download link to your phone

Standard text messaging rates apply

Micro Financing the region’s growth


Objective Capital's West Africa Investment Conference 2012 …

Objective Capital's West Africa Investment Conference 2012
Moevenpick Ambassador Hotel in Accra, Ghana
7-9 May 2012
Speaker: Emmanuel Bekoe, SPEED Funding Facility

Published in Economy & Finance , Business
  • Full Name Full Name Comment goes here.
    Are you sure you want to
    Your message goes here
    Be the first to comment
    Be the first to like this
No Downloads


Total Views
On SlideShare
From Embeds
Number of Embeds



Embeds 0

No embeds

Report content

Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

    No notes for slide


  • 1. WEST AFRICAINVESTMENT CONFERENCE Presentation on Activities of SPEED Funding Facility Limited Emmanuel Bekoe – Fund Director, SPEED Funding Facility MOEVENPICK AMBASSADOR HOTEL IN ACCRA, GHANA ● MONDAY-WEDNESDAY, 7-9 MAY 2012
  • 2. Presentation On Activities ofSPEED Funding Facility Limited (SFF) Emmanuel Bekoe – Fund Director
  • 3. SFF OBJECTIVETo provide MFIs with re-financing on a commercial andsustainable basisNEW Indicators:•The SFF portfolio is extended from 9 MFIs in 2006 to 50 by2011• MFIs in at least 5 regions of Ghana, including one region inthe Guinea Savannah Belt.•At least 2 of the new financial products are applied for by 2MFIs
  • 4. SFF OBJECTIVETo provide MSME - FIs with re-financing on acommercial and sustainable basis.•SFF is registered as a Company limited by Guarantee•SFF is generating sufficient income to cover its loan lossesand a significant part of its real overhead costs.
  • 5. Types of ProductsSFF has 3 Loan ProductsDevelopmental Loan with Technical Assistance - GH¢100,000Revolving Loan - GH¢300,000Further Loan GH¢ 500,000
  • 6. BDS component Lending TermsInterest Rate: Prime Rate + Max 2%Repayment Period: 18 months to 36 monthsMoratorium: 6 months on principal max 6
  • 7. Chosen Target Group Rural Bank Sector133 Rural Banks gives a high level of national coverage70 – 80 ranked as satisfactory in terms of overall performanceTop 100 rural banks each have total assets of over GH¢3.2milloion with the top20 having total assets of between GH¢42-18 million
  • 8. BDS componentPerformance Indicators-2011The total assets of the 134 Rural Banks was 1.5billionTotal Deposits of all Rural Banks GH ¢910millionLoans made by the rural bank sector were GH¢471millionTotal Profit before tax was GH¢36millonRural banks are active in microfinance and to a limited extentSME lending 8
  • 9. Activity in 2007 Management Structure Board of Directors Chairman Mr Emmanuel Aseidu-Mante, Former Deputy Govnor- Bank of Ghana and Currently Board Chairman of Stanbic Bank, Ghana Members Mr Kobina Amoah - Ministry of Finance Mr. Kojo Fynn Board Chairman National Petroteum Authority Mr. Torsten Schlink – Program Manager GIZ Mr. Lars Joker – Program Manager Danida Emmanuel Bekoe – Fund Director Kaedabi Donkor- Credit Manager Dickson Adu – Kojo Credit Manager Kwesi Platt – Accounts Manager
  • 10. SFF Clients and Outreach October 2011 Rural Bank Clients of SFF as end of 2011 was 54/134 Ashanti Region 14/24 Brong Ahafo Region 9/20 Central Region 8/21 Western Region 6/13 Volta Region 4/12 Eastern Region 8/22 Greater Accra 2/6 Northern Region 3/16
  • 11. BDS component Performance Indicators of SFF- 2011 Total Assets- GH¢12.5million Loan Portfolio – GH¢12milliom Profit after Tax GH¢792,000 11