Micro Financing the region’s growth

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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

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Micro Financing the region’s growth Micro Financing the region’s growth Presentation Transcript

  • 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 www.ObjectiveCapitalConferences.com
  • Presentation On Activities ofSPEED Funding Facility Limited (SFF) Emmanuel Bekoe – Fund Director
  • 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
  • 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.
  • Types of ProductsSFF has 3 Loan ProductsDevelopmental Loan with Technical Assistance - GH¢100,000Revolving Loan - GH¢300,000Further Loan GH¢ 500,000
  • BDS component Lending TermsInterest Rate: Prime Rate + Max 2%Repayment Period: 18 months to 36 monthsMoratorium: 6 months on principal max 6
  • 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
  • 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
  • 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
  • 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
  • BDS component Performance Indicators of SFF- 2011 Total Assets- GH¢12.5million Loan Portfolio – GH¢12milliom Profit after Tax GH¢792,000 11