SINAPI Aba and its action for female entrepreneurship in Ghana

Launched by the Canadian government in 2017, the FINEDEV (Financial Inclusion for Enterprise Development) program promotes business development through financial inclusion in Ghana. This program is implemented by Sinapi Aba Savings and Loans, a microfinance institution supported by the Grameen Crédit Agricole Foundation.

FINEDEV aims to improve access to finance, financial education, and entrepreneurial training, with a focus on small and medium-sized enterprises (SMEs), women, and vulnerable groups in Ghana. For Sinapi, the focus is on women's entrepreneurship, as 70% of its clients are women.

Networking and entrepreneurship training

The program consists of two components. The first component is networking through events and training sessions for women entrepreneurs. Through these meetings, participants have the opportunity to share their experiences, learn about entrepreneurship, and connect with other local entrepreneurs. Since the program began, Sinapi has organized 310 networking events and 447 training sessions for more than 30,000 participants.

A second component is the "Women Mentorship" mentoring project. It brings together women entrepreneurs who have already received business training from Sinapi Aba, with less experienced women. Each female mentor advises and supports other entrepreneurs in strengthening their businesses. The mentoring program has already attracted 156 participants, including 52 female mentors and 104 supported entrepreneurs.

With FINEDEV, Sinapi is strengthening its work in favor of women's financial inclusion in an innovative and sustainable way. Initially planned for a duration of 4 years, FINEDEV has been extended for an additional year and is expected to end in 2022. After the official end of the project, Sinapi Aba plans to continue supporting its clients' projects by continuing to organize mentoring and networking activities for women.