Spotlight on Opportunity Ghana

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spotlight on Opportunity Ghana With an average income of $2 a day, Ghanaians are greatly in need of financial services. In Ghana, Opportunity International began more than 15 years ago as a microfinance non-governmental organization called Sinapi Aba Trust (SAT). Today, SAT and Opportunity International Savings and Loans (OISL), which was created in 2004 to offer deposit services, both serve impoverished entrepreneurs. Opportunity’s work in Ghana has recently expanded to include: • loans for small-scale farmers to increase food output, starting with cocoa farmers and expanding to other crops • loans and targeted training to schools in underserved neighborhoods to increase access to education • a pilot land-title reform project that blends legal and financial services for land ownership Agricultural finance client Elizabeth Afrakome owns a three-acre cocoa farm in Adagya, Ghana. Along with loans, Opportunity provides her with financial literacy training, and access to savings and life insurance. “Now I can manage my whole life better,â€? Elizabeth says. “I like knowing that my children are secure financially and that if they need anything, I can now afford it. I am also able to help others in my community and hold my head high.â€?

• a youth apprenticeship program to teach entrepreneurship • a variety of SME-targeted business loans and training • electronic banking options for clients including point-of-sale systems and ATMs

Highlights

2009

2010

Services Offered

customers with loans:

127,387

144,258

value of loan portfolio:

$29,252,564 $36,086,987

• Business loans: Trust Group, Solidarity Group and individual

average first trust group loan size: $347

$421

• Education finance: school proprietor loans

% loans made to women:

84%

• Agricultural finance loans

customers with voluntary savings: 206,151

283,341

• Personal savings and long-term deposits

value of deposits:

$9,098,421

$11,715,232

• Money transfers

average savings balance:

$42

$42

microinsurance policyholders:

127,508

146,099

• Insurance: credit life, funeral, worker compensation and weather-index products

85%

• Training: business management, leadership skills, and personal development

Statistics About Ghana population: population living on less than $2/day:

23 million

rural population:

50%

literacy rate: gross national income per capita:

72% for males 59% for females

54%

$1,320

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Leadership , OISL

Leadership , SAT

CEO Cosmus Kowouche

CEO Anthony Gyasi-Fosu

Board Chair Francis Pelekamoyo

Board Chair Joseph Hewton

Number of staff: 553

Number of staff: 341

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Opportunity International is a 501(c)(3) nonprofit.

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