Women are known to be the backbone to the development of the household and who have the zeal and passion to take any opportunity that will help sustain their households. Most of these women live in extreme poverty and are engaged in small scale business activities such as hawking, table top selling and petty trading with little or no access to credit for startup and expansion. In view of this, Sun Shade Foundation, a financial NGO based in Kumasi has designed a project which is aimed at uplifting these economically... Read More

Business and financial literacy is one of the major deficiencies of micro entrepreneurs today due to the fact that most of them do not have the necessary knowledge and expertise of running a business effectively. Therefore in a quest to build the capacity of these micro entrepreneurs, we at Sun Shade foundation have designed a programme on business advisory and consultancy services in our project which is aimed at educating women entrepreneurs who are into small scale businesses activities on how to run their business successfully. Beneficiaries who applied for... Read More

In Ghana, the clients of microfinance are predominantly women in both rural and urban centers. These women are engaged in activities such as farming, food processing, petty trading, service provision and street vending. In a quest to improve the entrepreneurial capacity and economic empowerment of these people, Sun Shade Foundation, a financial NGO based in Kumasi has designed a project which is aimed at providing a financial support services to women entrepreneurs in group. The project is targeting to improve the standard of living of poor men/women within the Kumasi... Read More

Miss Chasity Love, an Advisory Board Member of Sun Shade Foundation (SSF), completed a week long field trip to visit SSF’s cherished clients in March, 2013. This was her first visit to Africa, and the field work afforded her a firsthand knowledge of the Foundation’s projects. The women in the loan program are continuing to expand their businesses, improve their families’ living standards and have a positive change in attitude towards making little savings of their own, she observed.  Miss Love was happy that, the Foundation has been able to continue... Read More

The Sun Shade Foundation has to date through the kind donations from Global Giving platform, provided financial support services to 50 women to help them expand their trade and improve their lives. This has been possible due to the recycling of our loans as per our unique model. Thus, funds are also given to others after successful monthly repayment to begin another cycle. An average of 60 poor but active women, willing and able to work comes through our office for basic loan support every week. We believe that giving... Read More

On behalf of the Sun Shade Foundation, we will like to express our sincere gratitude to you all for helping us maintain a permanent spot on Global Giving Platform by raising a net of $4,965.45 as of May, 2013 to support 33 hard-working poor women [initial loan of GH¢300.00 ($151.00 each) ] to start and grow their own businesses. Throughout the final day of the challenge, people were excited calling us, looking to beat the deadline. However, our Total Funding Goal of $56,400 needs to be achieved. Your continual donations... Read More

One of the most important determinants of a successful micro lending operation is the successful management of default risk or, more simply, keeping loan delinquencies to an acceptable level. The need to keep a portfolio current is important for the obvious reason that an institution its loans to be repaid if it is to survive and thrive. On a higher, systemic level, maintaining low delinquencies is critical for minimizing moral hazard that can result in mass defaults across a financial system. The private informal sector accounts for 86.1% of the... Read More

It has been observed that, MFIs are able to reach the poor effectively mainly because they have designed products and channels, which are friendly and suitable to the need of the poor. However, MFIs outreach is limited in comparison with the mainstream financial institutions because of the shortage of financial and human resources. A key component of an MFI operation is growth and sustainability. It is however important for an MFI to concentrate on internal growth as a bait for sustainable overall growth. It is therefore important for an MFI... Read More