KEY ACHIEVEMENTS

KEY ACHIEVEMENTS

Under its core mandate of contributing to reducing rural and urban poverty in Ghana, SIF has achieved the following in its core areas of business since inception.

1. SOCIO-ECONOMIC INFRASTRUCTURE AND SERVICES

FACILITIES PROVIDED QUANTITIES
Education 710
Health 168
Water 105
Sanitation and Environment 78
Roads and Culverts 17
Markets and Lorry Parks 24
Information, Communication and Technology (ICT) 13
Income Generation (IG) 203
TOTAL 1,318
The bar chart below shows the number of socio-economic projects implemented in each of the SIF Zones between 1998 and 2012.

2. MICRO, SMALL AND MEDIUM ENTERPRISES (MSMES) DEVELOPMENT AND MANAGEMENT

SIF has over the past one and a half decades been actively engaged in the development of Micro, Small and Medium Enterprises (MSMEs) in the provision of :
:: Microcredit to the productive poor.
:: Medium-term loans to dynamic and growth-oriented small scale enterprises.
:: Management, entrepreneurship and technical skills and technology improvement training to dynamic and growth-oriented Small Scale Enterprises.

SIF CREDIT SCHEMES

Using Rural and Community Banks(RCBs) as well as Financial Non-Governmental Organizations(FNGOs), SIF has over the past 14 years successfully implemented two credit schemes, namely SIF Microcredit and Medium-term-loans for small scale enterprises 60% of which are agribusinesses. ARB Apex Bank and the National Investment Bank have been managing the Microcredit and the Medium-term loans respectively as Fund Managers.

SIF MICROCREDIT:

The Microcredit scheme which started with a revolving fund of GH¢1,917,000.00 in 2003, has currently grown to an amount of GH¢9,341,409.00. Sixty (60) RCBs and FNGOs (eight of them from the North of Ghana) have accessed credit for 20,000 beneficiaries (80% female).

MEDIUM-TERM-LOANS:

Under the just ended Urban Poverty Reduction Project (UPRP), a cumulative total of GH¢3,083,795.02 has been disbursed to 19 Partner Financial Institutions (PFIs) for on-lending to 1,583 beneficiaries comprising 170 males and 1,413 (89.26%) females. The project started with a seed capital of GH¢ 1.5 million in 2008 and has grown to GH¢3.1 million.
Out of a total of GH¢3,083,795.02 disbursed, GH¢1,654,401 has been given to male beneficiaries whilst GH¢ 1,429,394 (46.3%) has gone to female beneficiaries.

3. CAPACITY AND INSTITUTIONAL BUILDING

Over 15,989 representatives of Local Government Authorities, Local Communities, Community Based Organizations (CBOs), Civil Society Organizations (CSOs), Micro, Small and Medium Enterprises (MSMSEs) among others, have been empowered through the provision of skills in business development, problem analysis, project management, community governance, public-private partnership, and the use of Community Score Card in Project Monitoring.