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The growth path of SAT is very significant. The Sinapi Aba Trust programme since inception has given 504,373 loans to over 76,000 clients, disbursing about GH¢ 133.7 million within the same period. Beneficiary clients comprise new clients and clients taking follow-on loans. The active client portfolio as at 31 December 2008 stands at 76,005. SAT from inception has also sustained 202,427 jobs and created nearly 70,000 jobs in Ghana. The programme has so far benefited over 1.3 million families. Operational figures from 2004 to end of 2008 below shows impressive performance: | | 2004
| 2005
| 2006
| 2007
| 2008 | | Value of Loans Disbursed (GH¢)
| 9.27M
| 11.12M
| 16.95M | 32.91M | 48.28M | View Chart | | Outstanding Portfolio (GH¢) | 3.70M
| 2.83M | 6.73M | 13.58M | 16.73M | View Chart | | Operational Sustainability | 93.68% | 144.51% | 117.13% | 118.44% | 118.73% | View Chart | | Number of loans | 66,125 | 62,565 | 69,266 | 71,767 | 72,829 | View Chart | | Financial Sustainability | 81.97% | 127.13% | 102.94% | 112.72% | 104.60% | View Chart | | Arrears rate > 30days | 0.93% | 1.22% | 0.97% | 1.31% | 1.73% | View Chart | | Portfolio at Risk > 30days | 1.31% | 1.80% | 1.49% | 1.72% | 2.38% | View Chart | | Cost per cedi lent | 0.30 | 0.13 | 0.15 | 0.11 | 0.12 | View Chart
| | Number of Clients | 51,393 | 34,632 | 51,686
| 56,879 | 76,005 | View Chart | | Percentage of women | 85% | 95% | 92% | 94% | 90% | |
In 2004, Sinapi Aba Trust in collaboration with Opportunity Transformation and Investment (OTI) of Opportunity International, USA established a non-bank financial institution (Opportunity International Sinapi Aba Savings and Loans Limited). This necessitated transfer of about half of SAT’s portfolio to this new organization resulting in the drop of client’s and loan’s portfolio in 2004 and 2005. Notwithstanding, SAT has impressively demonstrated capacity to sustain the growth within 6 months after final transfer. The impressive performance of SAT has attracted several awards from Development and International partners, notable amongst them include: AWARDS RECIEVED
| | AWARD | AWARDING INSTITUTION
| DATE | | Service Sector Award | Africa Growth Institute, S.Africa | 2007 | Bronze - 3rd Ashanti Financial Services Excellence Awards
| Manhyia Palace,Ghana | July 2006
| | Outstanding Performance in achieving financial sustainability rate of over 100% | Opportunity International Network, USA | February 2006 | | Best Employer Award | Social Security and National Insurance Trust (SSNIT) Ghana | December 2005 | | Steady Commitment to the poor in Ghana | Opportunity International Network, USA | July 2005 | | Significant achievement in advancing gender equity and outreach to women | Opportunity International Network, USA | 2002 | | Best Implementing Partner of Opportunity International Network | Opportunity International Network, USA | 1999 | | | | |
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Last Updated ( Thursday, 21 May 2009 )
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