MFI ReportPartnerships
Related Organizations
| Name | Relationship |
|---|---|
| Smart Campaign | Endorsement |
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8.3 million8,843941.07.9 million12.4 million70,136
Mission:
EB-ACCION Savings & Loans, a unique microfinance partnership between ACCION International and West Africa’s principal regional bank, Ecobank, currently operates in Accra, Ghana. The bank offers microfinance services – including loans as low as US $40, savings and remittances products – to ... Read more
EB-ACCION Savings & Loans, a unique microfinance partnership between ACCION International and West Africa’s principal regional bank, Ecobank, currently operates in Accra, Ghana. The bank offers microfinance services – including loans as low as US $40, savings and remittances products – to merchants, manufacturers and other microentrepreneurs to help them develop their businesses and lift themselves out poverty. EB-ACCION pursues innovative and efficient ways of distributing these tailored financial services to their clients, including debit cards and remittances. Hide
Background and Main Challenges:
In 2006, ACCION International and ECOBANK Group (ETI) entered into an agreement to create microfinance institutions and offer financial services to low income target group in West and Central Africa.
As part of this agreement, ACCION brings its technical expertise and leadership in the ... Read more
In 2006, ACCION International and ECOBANK Group (ETI) entered into an agreement to create microfinance institutions and offer financial services to low income target group in West and Central Africa.
As part of this agreement, ACCION brings its technical expertise and leadership in the microfinance sector while ECOBANK offers the opportunity to leverage its banking infrastructure.
In pursuance of the above, ECOBANK and ACCION launched EB-ACCION Savings and Loans Company in Ghana in 2006. EB-ACCION is jointly owned by ECOBANK Ghana (70% shares) and ACCION (30% shares) through its investment subsidiary, ACCION Investments.
The new entity was formed at the end of 2006 and got its license from Bank of Ghana in March 2008. Lending commenced on 26th March 2008 at both branches (Tudu & Abeka Lapaz). EB-ACCION Savings and Loans is meant to provide the template for most of the ECOBANK and ACCION Africa expansion. Hide
Address:
EB-ACCION Savings & Loans Company Limited
PMB CT 127
Accra
Ghana
Phone:
+233 21 782750-51
Fax:
+233 21 782755
Email:
info [at] eb-accion [dot] com
Date established:
Mar 1 2008
FYE:
31-Dec
Current Legal Status:
NBFI
Regulated:
yes
At a glance
- Assets
- Gross Loan Portfolio
- Equity
Contacts
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Frances Adu-ManteManaging Directorinfo [at] eb-accion [dot] com+233 21 782750-51
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Hubert DakeDeputy Managing Director/CFOhdake [at] eb-accion [dot] com+233 30 278 2750
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Welbeck Abra-AppiahBoard Chairmanamlaappiah1 [at] yahoo [dot] com+233 21 782750-51
