The Sun Shade Foundation (the “Organization”) is a non-profit organization that was established in September, 2011 with the purpose of providing social and financial solutions to the economically active but productive poor especially women so that they can in return help their families. It is a Bank of Ghana and a Department of Social Welfare recognized Organization and an active member of the Association of financial Non-governmental organisations (ASSFIN).
The Organization’s mission is to create a strong global image, empowering the rural, urban and the peri-urban poor especially women economically through the efficient provision of timely and appropriate finance, efficient training, clothing supports expanding the horizon and providing reliable service.
Through innovative assistance for entrepreneurship-including direct micro-credit loans and tangible support for other community partnership projects-the Organization seeks to expand the energy and creativity of every person with whom it works in order to create wealth and prosperity in Ghana. Micro-credit is a system pioneered by Professor Muhammad Yunus, founder of the Grameen Bank in Bangladesh and recipient of the 2006 Nobel Peace Prize. The philosophy behind micro-credit is to provide the poor access to credit without requiring contracts or collateral, enabling them to rise out of poverty through their own efforts.
The Foundation believes micro-credit with tailor-made training support is one of the best methods to help individuals lift themselves out of poverty through their own ingenuity. Sun Shade Foundation does not only help the poor with micro-credit and clothing support but also empower these women to sustain their climb out of the claws of poverty through well tailored training sessions. The objective is to encourage economic growth and sustainability by sharing our knowledge and access to resources with these women. The Organization is partnered with Sisters4siters INC. in providing outreach on projects such as campaign against Domestic Violence. Sun Shade Foundation plans to continue to expand its project portfolio with socially oriented and microfinance partners over time.
As of December 31, 2013, the Organization had committed approximately GH¢494,700.00 in micro-lending projects and 3 second-hand clothing 15kg bales worth over GH¢7,000.00 in over 15 rural, urban and peri-urban satellite communities including: Moshie Zongo, Dichemso, Ash-Town, Asawase, Suame, Tafo, Kejetia, Dr. Mensah-Bolaho, Abrepo Junction, Bremang, Antoa-Kenyase, Dote, Krofrom, Kronum, and Buokrom – all in Ashanti Region. As of December 31, 2013, the Organization has supported over 1,422 micro-entrepreneurs and their families. It is estimated that each person with whom the Organization assisted also supports a family of five, which means the support is indirectly contributing to the prosperity of 7,110 individuals. Micro-entrepreneurs supported by the Organization, are utilizing the loans for home-based businesses such as cabbage/lettuce farming, shoe making, tailoring, and selling handicrafts, homemade foods, bakery-made foods, clothing and footwear. With funding support, the Organization hopes to continue expansion of its projects in several areas of the Ashanti in 2014 and beyond.
The Foundation’s headquarters is located in Kumasi, the second largest capital city in Ghana, a city full of spirited entrepreneurs. It has scheduled it to reach over 3,000 families in Ashanti Region by the end of 2014 and over 10,000 families by the end of 2017, in collaboration with other stakeholders. Achieving this goal SSF will expand its operations in 2018 to Brong Ahafo, and Eastern Regions of Ghana. The Organization currently has ten (10) paid full-time employees and thirteen (13) non-paid foreign and local volunteers who are highly trained and focused to execute the vision and mission of the organization.