Visit of the new FSD Coordinator

Today the Chorkor branch received the visit of the new FSD Coordinator, Miss Elise Ponson. As some of you may remember, the FSD (Fund for Social Development) is a fund managed by the French Embassy which aims at bringing a direct support to local NGOs.
In our case, we are receiving this support for the second time, for the development of our 0% interest loan aiming at the most deprived micro entrepreneurs that we call "Kick Start loans".
Elise came on field to discover our methodology and she met with the Mokosane group, made of 13 Kick Start loanees. 2 of them got their loan in June, the rest in July. The average amount they got is GH¢ 44, which they all used in their business, like Rosemary Mensah (see photos below) who purchased Nigerian soap with it, which she sells in her community. In addition, most of the group is now saving GH¢ 1 to GH¢ 2 per week, while before they joined ID-Ghana almost none of them was saving. This kind of behavioural change is made possible thanks to the training the Social Mission team (in this case the Kick Start loan project manager, Godknows Kporha). He gives such trainings on a weekly basis to our Kick Start partners. After all, one could say that the Kick Start loans project is more of a financial education programme than a financial scheme. For rather sooner than later, our ambition is to see these special product beneficiaries be empowered enough to be able to manage a loan on their own, and access greater capital through our "standard" products...