MFI Report

Kraban Support Foundation is a local development-oriented NGO with the aim of eradicating rural poverty through community education. The organisation deeply shares a philosophy of commitment to help fight poverty by facilitating improved quality of human life in the communities we operate in Ghana. We do this by rendering efficient and effective humanity services that improve the livelihoods of clients in our target communities. Our mission is to develop innovative strategies and programmes that enhance the capacity and productivity of vulnerable groups in our target deprived communities. Kraban Support Foundation’s ultimate aim is to operate to enhance the access of small-scale entrepreneurs to sustainable financial services. The organisation accomplishes this through strong and viable Cooperative Savings and Credit Societies (CSCS). The NGO facilitates savings-deposits and offer small-scale loans in addition to business development services in a cost effective and sustainable manner. The financial services offered by Kraban Support Foundation is market based and to expand outreach, the organisation provides an on-lending scheme to its clients who number about 7,052 as at Dec. 2006. The support offered assists the operations of the small-scale entrepreneurs within the CSCS.To provide lending the organisation retail credit to clients in a linkage banking arrangement. However, the responsibility for loan appraisal and approval, entering into loan agreements, disbursement and loan recovery solely rest with our organisation. Though, this mechanism ensures a high level of commitment and effective ownership to recover loans, our organisation has a well-built staff capacity and improved management skill to address this enormous task. The staff has acquired operational tools that they use to perform effectively in the micro finance industry and have introduced and implement micro enterprise development strategies that had enabled our clienteles operate profitably and had promoted the needed growth within the micro finance industry in Ghana. It is in this light that we wish to solicit assistance from interested partners for our microfinance initiatives. We hope if given the opportunity to undertake this venture through a poverty-related training and the provision of technical support for micro enterprise development for the numerous clienteles in the country to be conducted in-house and also through other related vestibule-training programmes. Hide