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.
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.
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.
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.