EVENTS

Media Elements

Ghana

Ghana MFI Live Tweets:

Please wait updating feed...

Close Map

 

News Archive: Read the Latest Articles

Read up-to-date news stories and articles about VisionFund's microfinance efforts around the world.

Visit the News Archive

Ghana

BREAKING THE CYCLE OF POVERTY

HAVING YOUR OWN BUSINESS PROVIDES A RELIABLE AND SUSTAINABLE INCOME. THIS IN TURN MEANS A PERSON CAN BUY OR GROW FOOD, BUILD A STRONG HOME AND SEND THEIR CHILDREN TO SCHOOL. BUT OFTEN POOR PEOPLE DO NOT HAVE THE MONEY TO START UP THEIR OWN SMALL BUSINESSES. AND WITH NO ASSETS OR CREDIT HISTORY, THEY CAN’T GET LOANS FROM BANKS. WE ARE WORKING IN GHANA TO BREAK THIS CYCLE OF POVERTY.

Each year we give 19,000 Ghanaians small loans to start or grow a business. That’s 19,000 people with the means to make the money they need to improve their children’s lives. We have been supporting poor people in Ghana since 2001 and four out of five of our clients are women.

We work in partnership with World Vision. Alongside healthcare, clean water access and education, our financial services offer communities the chance to grow and prosper. Together with World Vision we provide a package of support to families who receive our loans.

Working in Ghana

In 1979 World Vision began working in Ghana, developing ministry programmes that was to become area development programmes or ADPs. 

With a large ministry including healthcare, agriculture, clean water access, and educational endeavours, World Vision made a decision to include and create economic opportunities through the creation of APED, an affiliated MFI.

Thus, for over the last decade, APED has been serving and reaching poor entrepreneurs mostly in these ADP communities. Most of these borrowers are marginalised by most MFIs and other financial institutions, so APED’s outreach and services are critical.

Providing families with sustainable financial services aimed at helping them grow their businesses and move out of poverty and care for their children, is the gaol of the organisation.

Awards and Ratings

  • Seal of Pricing Transparency in December 2011.
  • Certificate of Transparency by Microfinance Information Exchange Inc., in 2007 for achieving five diamonds on the MIX Market, and improving transparency, quality, and reliability of financial information.

Future Innovation

We aim to impact 360,000 children in World Vision service areas by providing services to about 29,500 clients and achieving full sustainability by 2014. These targets will be met by promoting the following: 

  • Continuous capacity building of staff.
  • Upgrading our MIS systems and structures.
  • Developing innovative products to meet the needs of clients.

Client Success Story

Massara has been able to steadily grow her vegetable business over the past few years.

 

As a widow, Massara found it difficult to care for her three children. Now, her additional family income allows her to feed her family. Many women like Massara benefit from small loans from APED.

 

Management Details

MFI Structure

Spencer Badu

APED’s CEO Mr Spencer Badu joined APED in 2002 rising from the ranks of Operations Director to CEO in 2005. Prior to this, Mr Badu had worked in a consumer credit company as the general manager, and lived and worked in the United Kingdom.

 

APED is an NGO guaranteed by World Vision with a seven-member board of directors. The institution also has a management team that oversees the work of the MFI.

 

Contact the MFI