To complement its microfinance activities, Ghanaian microfinance institution (MFI) Sinapi Aba Trust (SAT) has set up a program to provide youth between the ages of 16 and 23 with vocational skills. The first part of the program involves an assessment performed in coordination with local communities to select adolescents based on their level of vulnerability to social vices. Selected individuals are paid a stipend and given tools for learning a skill such as hairdressing, dressmaking, mechanics or carpentry under the supervision of a “trade master” and a youth coordinator.
Within two years, participants that pass an exam at Ghana’s National Vocational Technical Institute will be supported in starting their own business if they choose to stop working for their trade master. As of 2011 1,100 students have graduated from the program. As of 2010, SAT reports to the US-based nonprofit Microfinance Information Exchange (MIX) total assets of USD 30.7 million, a gross loan portfolio of USD 19.7 million, return on assets (ROA) of 3.79 percent, return on equity (ROE) of 11.4 percent and approximately 102,500 active borrowers.
By Kristha Abores, Research Associate
About Sinapi Aba Trust:
Sinapi Aba Trust (SAT) is a microfinance institution (MFI) in Kumasi, Ghana, that was registered as a nongovernmental organization (NGO) in 1994. SAT seeks to provide microfinance services to entrepreneurs operating micro- and small enterprises in Ghana. SAT is an implementing partner of the US-based Opportunity International Network, which has microfinance operations in 20 countries. SAT is also affiliated with the US-based Grameen Foundation. As of 2010, SAT reports to the US-based nonprofit Microfinance Information Exchange (MIX) total assets of USD 30.7 million, a gross loan portfolio of USD 19.7 million, return on assets (ROA) of 3.79 percent, return on equity (ROE) of 11.4 percent and approximately 102,500 active borrowers.
Sources and Additional Resources:
[1] “Youth program of Ghanaian MFI Sinapi complements microfinance activities,” http://www.incofin.com/en/news/youth-program-ghanaian-mfi-sinapi-complem…
MicroCapital.org article, September 2, 2011, “MICROCAPITAL BRIEF: Incofin Lends $9m to Microfinance Institutions (MFIs) PRIDE Tanzania; LAPO of Nigeria; Sinapi Aba Trust, FASL of Ghana,” https://www.microcapital.org/microcapital-brief-incofin-lends-9m-to-micro…
MicroCapital.org article, October 17, 2011, “MICROCAPITAL BRIEF: responsAbility Loans Local-Currency Equivalent of $4m to Microfinance Institutions Pearl Microfinance Limited of Uganda, Lift Above Poverty Organisation of Nigeria, Sinapi Aba Trust of Ghana,”https://www.microcapital.org/microcapital-brief-responsability-loans-loca…
MicroCapital Universe Profile: Sinapi Aba Trust (SAT), https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Sin…
Browse the MicroCapital Universe and add your entry to the wiki at: https://www.microcapital.org/microfinanceuniverse/
Similar Posts:
- MICROCAPITAL BRIEF: MLF Malawi Partnering with ADA, Grameen Credit Agricole to Develop Digital Finance for Women Farmers
- MICROCAPITAL BRIEF: Incofin Places $4.3m in Equity in Varashakti Housing Finance via India Progress Fund
- MICROCAPITAL BRIEF: Microfinance Institution PEBCo-Bethesda of Benin Borrows $2m from Incofin via Agricultural Liquidity Fund
- MICROCAPITAL BRIEF: Incofin Closes India Progress Fund with $77m to Promote Financial Inclusion, Agricultural Value Chains
- MICROCAPITAL BRIEF: EBRD Loans $4.4m to KEP Trust of Kosovo with Focus on Rural, Women-led MSMEs
