Pan-African Financial savings and Loans Firm Ltd. (Pan-African) immediately launched the MAMA programme to ship the assets Ghanaian girls want to reach enterprise and to bridge a spot in monetary inclusion that largely overlooks unbanked girls, small and medium-size girls enterprise house owners, smallholder farmers, and youth.
The progressive MAMA strategy combines financial savings, loans, and fee merchandise with free non-financial providers to assist girls shoppers, together with enterprise expertise coaching and eHealth and wellness providers.
“A MAMA girl is fearless and daring. With the MAMA merchandise, we wish our girls clients to know that we consider them in a holistic method,” remarked Mrs. Linda Naykene, Head of Company Affairs, Analysis and Buyer Expertise at Pan-African. “Aside from giving MAMA girls the monetary assist to develop their enterprise and a spot for them to save lots of their cash, we’re rigorously serving their wants economically, socially, emotionally, and health-wise. We perceive {that a} wholesome and financially adept consumer base can higher develop their companies, and can generate new shoppers for us via referrals.”
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Pan-African accomplished the MAMA initiative with technical help from CapitalPlus Trade (CapPlus) via FIRST+ (Monetary Establishment Resilience and STrengthening). CapPlus’ partnership with the Mastercard Basis, Financial institution of Ghana, and the Ghana Microfinance Establishment Community (GHAMFIN) is geared toward growing finance to small companies for the aim of job creation, particularly for ladies and youth.
To enrich the monetary providers choices, MAMA girls might entry quite a few skills-building alternatives akin to digital literacy and enterprise administration coaching, financial savings and funding planning, and networking. MAMA girls additionally profit from sensible steering akin to hearth detection and prevention coaching, and entry to a collection of free healthcare providers together with well being talks, screenings and telemedicine, and lowered price of pharmaceutical and laboratory providers.
“We’re significantly proud to supply our employees cutting-edge coaching on gender-based violence, to equip them with first-hand data to raised place them to refer girls clients who may have assist,” famous Mrs. Naykene.
Pan-African is amongst 24 monetary establishments chosen to take part in FIRST+, and it reaffirmed its strategic determination to supply its girls clients a gender-focused programme after attending a FIRST+ gender finance workshop the place Mrs. Elsie Addo-Awadzi, 2nd Deputy Governor, Financial institution of Ghana, and Ms. Rosy Fynn, the Mastercard Basis’s Ghana Nation Director, challenged the monetary establishments to extend their monetary providers to girls. Afterwards, a market survey performed with CapPlus unveiled gaps and alternatives to serve Ghanaian girls. Pan-African subsequently concluded the bundling of the MAMA suite of services and products, and delivered coaching to employees from Pan-African’s 16 places in expertise akin to gender intelligence, mortgage administration, advertising, and customer support.
“After we began working collectively below FIRST+, Pan-African was already engaged on a women-focused agriculture enterprise product that paired monetary and non-financial providers. Our market survey highlighted the necessity to increase past the agricultural section to an institution-wide program for each girl within the Ghana market, and the MAMA programme fills that want,” mentioned Ms. Lynn Pikholz, CEO of CapitalPlus Trade. “That gender consciousness focus is an actual mindset change for Pan-African.”
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MAMA merchandise serve 5 particular segments of working girls: MAMA Enterprise for enterprise house owners in all sectors; MAMA Agri for ladies in agriculture and agricultural worth chain companies akin to crop and vegetable farming, and meals processing; MAMA House providing saving and investing for feminine residence managers and caregivers; MAMA Dwumadi for ladies staff within the casual sector akin to staff in hair salons, supermarkets, small shopkeepers, and others; and Younger MAMA geared toward younger girls entrepreneurs or those that aspire to be one akin to larger schooling graduates.
“Pan-African Financial savings and Loans goals to offer entry to credit score, financial savings, and funds in a handy and helpful method and thus assist monetary inclusion and improve of wealth and employment in Ghana. With our launch of the MAMA programme, we’re excited to see the ladies empowered to influence the house, society, and the nation,” defined Ms. Emelia Atta-Fynn, Managing Director of Pan-African Financial savings and Loans. “The help from the FIRST+ program via CapPlus helped us to bundle the wanted service and merchandise and elevate our workforce’s expertise to ship the very best customer support to our MAMA shoppers, and be sure that we ship the best attainable profit to girls in our neighborhood.”
