“When people in my community are discussing entrepreneurship and need ideas, I’m their first point of reference.”
Farida advises women to be courageous and step forward, addressing every issue with confidence and bravery. “I have met a lot of women who think they can take initiative only when they have a man by their side. Whenever I have the opportunity, I let them know that they can achieve anything they want on their own.”
“The CapPlus training and iCAM tool gave our credit officers the breadth of expertise they need to confidently expand lending while mitigating bad loans. They are taking what they’ve learned and using it. The improvement of our credit operation is reflected in the numbers – we’ve seen a steady increase in our portfolio size and the quality of our risk management.”
FIRST+ partners with organizations from top to bottom of Ghana’s financial sector to catalyze system-wide change that increases the amount and appropriateness of finance invested in small businesses to spur their growth and job creation.
Bank of Ghana — which regulates Ghana’s entire financial sector — was actively engaged in designing FIRST+ and remains an active partner on governance issues and program implementation.
Ghana Microfinance Institutions Network (GHAMFIN), Ghana’s only umbrella network of 1,840 nonbank financial institutions, is an effective aggregator of knowledge and learning for the industry, providing cost-effective group-based training and peer learning to over 538 financial institutions and 1,243 of their staff over the first year of FIRST+.
ARB Apex Bank is another key industry stakeholder and aggregator that serves as a mini-central bank for 146 rural and community banks and their 8.8 million customers. In collaboration with ARB Apex Bank, CapPlus is developing systems and tools that will become available to its member banks.
Demonstrating new approaches in multiple financial institutions kickstarts replication and competition within the sector to the benefit of small businesses. With CapPlus’ assistance:
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No Poverty: Employment provides reliable incomes to workers, and growing small businesses hire more workers
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Gender Equality: FIRST+ assists financial institution partners in tailoring financial services to women and increasing their access to finance
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Decent Work and Economic Growth: FIRST+ catalyzes increased investments in Ghana’s small businesses, spurring their growth and creation of jobs that provide dignified work
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Partnerships: Partnerships are key to FIRST+ and its efforts to catalyze systemic change, including its partnerships with the Bank of Ghana, GHAMFIN, Mastercard Foundation, and numerous financial institutions and other local ecosystem actors committed to increasing the number and economic health of small businesses
The 2030 Agenda for Sustainable Development,adopted by all United Nations Member States in 2015, provides a shared blueprint for peace and prosperity. The FIRST+ program has an impact on many of the 17 Sustainable Development Goals (SDGs), which are an urgent call for action by all countries — developed and developing — in a global partnership.
CapPlus equips financial institutions in emerging economies to deliver finance profitably for social impact, with a focus in Africa where we have assisted over 50 financial institutions in 13 countries. Expertise areas include:
Established in 2004 in tandem with the ShoreCap I equity fund, CapPlus also partners with impact investment funds to provide technical assistance alongside their capital investments in financial institutions.
The result: sustainable solutions that generate economic opportunity, job creation, asset building for social enterprises and women-owned businesses, and poverty alleviation.
Click here to read about each of their qualifications
Lynn Pikholz
CEO, CapitalPlus Exchange
Binyam Tadesse
FIRST+ Program Lead
Yaw Gyamfi
Executive Director, Ghana Microfinance Institutions Network (GHAMFIN)
Mawuena Kofi Abba
MSME Finance Trainer; Agriculture Finance Consultant
Samuel Ackun
IT Officer, GHAMFIN
Benjamin Ofosu Agyemang
Investment Readiness Consultant
Augustine Akowuah
MSME Finance Consultant
Sarita Arora
Technical Assistance Manager, Digital and MSME Finance
Paa Kwesi Awuku-Darko
Agricultural Finance Consultant
Edmund Benjamin-Addy
Head of Operations/M&E Manager, GHAMFIN
Zibrim Biosama
MSME Finance Consultant
Howard Brady
Financial Inclusion and Data Management Consultant
Sandra Boohemaa Danso
Accounts and Admin Officer, GHAMFIN
Christopher Englehardt
Agricultural Finance Team Lead
Craig Feinberg
MSME Finance Consultant
John Guzowski
Agricultural Finance Team Lead
Nathaniel Impraim
Training Coordinator, GHAMFIN
Ahmad Jazayeri
Agriculture Consultant
Mehedi Karoui
Gender Finance Consultant
Lionel Knight
Investment Readiness Consultant
Yves Anougbre Kouadio
Office Manager
Andrew Lake
Digital Financial Services Lead
Terry Lennon
Senior Sales and Marketing Consultant
Lorna Li
TVET and Student Loan Consultant
Maya Margie
Gender Finance Lead
Mary Miller
Technical Assistance Manager, MSME Finance
Gerry Monteiro
Senior Advisor, Investment Readiness
Fred Obosu
SME Finance Consultant
Catalina Olaya
TVET and Student Loan Consultant
Steve Orlesky
Senior MSME Finance Consultant
Eric Quao
Agricultural Finance Consultant
Lynn Railsback
Director, Industry Building and Impact
Neeraj Sharma
Education Finance Consultant
Alex Silva
TVET and Student Loan Team Lead
Stephen Strauss
Leasing Lead Consultant
Paula Storch Tjossem
Technical Assistance Manager, MSME Finance
Lucas Wellen
Senior Agricultural Finance Consultant
Barbara Zadina
Communications Consultant