VisionFund Ghana has been supporting the productive poor since 2001. We have grown to serve 25,550 active borrowers and impact 86,918 children and sustain 33,700 jobs.
Ghana has a strong economic foundation and gets the majority of it's GDP from gold, cocoa and oil. Even with a relatively strong economy, around 19% of the population in Ghana lives below the poverty line. We mainly work in rural communities where most of our borrowers have been marginalised by other microfinance institutions or commercial banks.
The majority of loans help people working in the trading industry. We also support clients working in agriculture, manufacturing and service industries.
We currently serve 98% of rural areas where World Vision works. Our goal is to provide families with sustainable financial services to help them grow their businesses, move out of poverty and care for their children.
Only 15% of rural households have access to savings and credit services. Our reliable financial services are making a great contribution to improving rural society.
Kojo Baffoe-Eghan joined VisionFund Ghana in March, 2015 as the CEO.
Prior to joining VisionFund Ghana, he was the Deputy Managing Director and a member of the
Management Board of ProCredit Savings and Loans Ltd, Ghana
Kojo has Ten years’ experience in Institution Building, Retail Banking, Banking Operations, Credit Business Development and Risk Management. He holds EMBA in Project Management from the University of Ghana Legon.
The CEO, COO and the CFO constitutes the Senior Management Team of the Institution
VisionFund Ghana is governed by a seven member board which is chaired by the National Director of World Vision Ghana(WVG).
FUTURE INNOVATION
We aim to impact 150,000 children by 2018 and grow the MFI into a Savings and Loans Company by 2017.
We intend to use technology to deepen our footprints in Rural Ghana and become a voice of influence in the industry.
We will increase the product range and services by developing and introducing Water, Sanitation and Hygiene (WASH) loan, Education loan and Solar loan
We hope to achieve these targets by improving MIS’s to meet the needs of our clients.
GHANA: Making an Impact
In FY15, a total of 99% of sampled clients reported some type of benefit for their children because of the loan they had received. Top 3 benefits reported are improvements in basic education (80%), sufficient food (69%), and clothing/shoes (53%).
VisionFund Ghana is now accessing clients’ poverty levels to ascertain if the right clients are being targeted.