Project profile — Financial Inclusion for Enterprise Development


Opportunity International Canada (CA-CRA_ACR-3877516385)
2016-12-09 - 2022-09-30
Global Affairs Canada
WGM Africa

Country / region 

• Ghana (100.00%)


• Banking And Financial Services: Formal sector financial intermediaries (24030) (75.00%)
• Business And Other Services: Business support services and institutions (25010) (25.00%)

Policy marker 

• Gender equality (significant objective)
• Environmental sustainability (cross-cutting) (significant objective)
• Participatory development and good governance (not targeted)
• Trade development (not targeted)
• Biodiversity (not targeted)
• Climate change mitigation (not targeted)
• Climate Change Adaptation (not targeted)
• Urban issues (not targeted)
• Desertification (not targeted)
• Children's issues (not targeted)
• Youth Issues (not targeted)
• Indigenous Issues (not targeted)
• Disability (not targeted)
• ICT as a tool for development (not targeted)


The project aims to increase employment, especially for women, in growth-oriented and employment generating value chains in Ghana. To do so, it seeks to improve access to formal financial services, with a focus on small and medium-sized enterprises (SME), women small business owners, and vulnerable groups. The project supports technical assistance and training to improve the capacity of savings and loans institution, Sinapi Aba Savings and Loans, to provide more affordable capital and a wider range of more inclusive and gender sensitive services to small SMEs and microfinance beneficiaries. The project also seeks to create business-to-business linkages and networking opportunities to empower women entrepreneurs to innovate and grow their businesses, in a view to strengthen inclusive economic growth. Key project activities include: (1) providing financial literacy and business training to women entrepreneurs; (2) providing support for trade fairs and exhibitions to promote networking; (3) organizing campaigns to raise awareness on financial services available and the socio-economic gender barriers to women and business; (4) performing sectoral analysis and research; and (5) training local partners to better undertake institutional assessments and client surveys using a gender-based approach.

Expected results 

The expected outcomes for this project include: (1) increased productive and financial capacity of SMEs, especially those triggering and leveraging women’s economic empowerment in growth-oriented labour-intensive value chains in Ghana; and (2) improved capacity of financial institutions to support socially-responsible, commercially viable and environmentally sustainable business models in Ghana.

Results achieved 

Results Achieved as of March 31, 2021 include: (1) the number of individuals employed by Sinapi Aba Savings and Loans (SASL) clients totaled 74,638 (of which 39,071 women); (2) SASL exceeded its target of 55% for percentage of loans to women clients, with 71% reported; (3) in collaboration with SASL and Ghana’s National Board for Small Scale Industries, the project delivered 466 Financial Literacy and Small and Medium Enterprise (SME) related training events across the country to 18,907 clients on basic entrepreneurship, record keeping and accounting, financial management and marketing of products; (4) SME owners participate din 389 networking events that enabled them toe meet like-minded entrepreneurs, create partnerships and identify potential markets for their products; and (5) of the 389 networking events, SASL held nine women-targeted “SME Financial Inclusion Conferences for Women”. These events provided participants with business training, client testimonials, group discussions, and important networking opportunities.

Budget and spending 

Original budget $0
Planned disbursement $0
Transaction Date Type Value
31-03-2023 Disbursement $993,994
Country percentages by sector
Type of finance Aid grant excluding debt reorganisation
Collaboration type Bilateral
Type of aid Project-type interventions
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