Objective Capital's West Africa Investment Conference 2012
Moevenpick Ambassador Hotel in Accra, Ghana
7-9 May 2012
Speaker: Emmanuel Bekoe, SPEED Funding Facility
Business Principles, Tools, and Techniques in Participating in Various Types...
Micro Financing the region’s growth
1. WEST AFRICA
INVESTMENT CONFERENCE
MOEVENPICK AMBASSADOR HOTEL IN ACCRA, GHANA ● MONDAY-WEDNESDAY, 7-9 MAY 2012
www.ObjectiveCapitalConferences.com
Presentation on Activities of SPEED Funding Facility Limited
Emmanuel Bekoe – Fund Director, SPEED Funding Facility
3. SFF OBJECTIVE
To provide MFIs with re-financing on a commercial and
sustainable basis
NEW Indicators:
•The SFF portfolio is extended from 9 MFIs in 2006 to 50 by
2011
• MFIs in at least 5 regions of Ghana, including one region in
the Guinea Savannah Belt.
•At least 2 of the new financial products are applied for by 2
MFIs
4. SFF OBJECTIVE
To provide MSME - FIs with re-financing on a
commercial and sustainable basis.
•SFF is registered as a Company limited by Guarantee
•SFF is generating sufficient income to cover its loan losses
and a significant part of its real overhead costs.
5. SFF has 3 Loan Products
Developmental Loan with Technical Assistance - GH¢100,000
Revolving Loan - GH¢300,000
Further Loan GH¢ 500,000
Types of Products
7. Chosen Target Group Rural Bank Sector
133 Rural Banks gives a high level of national coverage
70 – 80 ranked as satisfactory in terms of overall performance
Top 100 rural banks each have total assets of over GH¢3.2milloion with the top
20 having total assets of between GH¢42-18 million
8. BDS component
8
Performance Indicators-2011
The total assets of the 134 Rural Banks was 1.5billion
Total Deposits of all Rural Banks GH ¢910million
Loans made by the rural bank sector were GH¢471million
Total Profit before tax was GH¢36millon
Rural banks are active in microfinance and to a limited extent
SME lending
9. 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
Activity in 2007
10. 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
SFF Clients and Outreach October 2011
11. Performance Indicators of SFF- 2011
Total Assets- GH¢12.5million
Loan Portfolio – GH¢12milliom
Profit after Tax GH¢792,000
BDS component
11