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P2P disburses E4.3m to SMEs …Towards improved sanitation

botchway September 20, 2019

 

From Ernest Best Anane, Kumasi

Possible to Profitable Project (P2P), in collaboration with the SNV, a Non-Governmental Organisation (NGO) funded by the Embassy of the Kingdom of the Netherlands in partnership with Fidelity Bank, has over the past four years disbursed 4.3 million Euros to Small and Medium Enterprises (SMEs) towards improved sanitation in households across the country.

Madam Agatha Quayson, Project Manager/Focal Point, at an Innovative Financial Meeting under the theme: Sustaining Innovative Financial Model for Water and Sanitation Hygiene (WASH), stated that the project was a five year one which started in the last four years and would end in 2020.

The Innovative Financial Meeting was to enable stakeholders take stock and feedback from their stakeholders and clients on how best to sustain and safeguard the initiative.

Madam Quayson indicated that 4.5 million Euros had been disbursed to the WASH sector, SMEs and financial institutions, and capacity building and training of all the 30 financial institutions they are working with, while 153 SMEs were also trained to become bankable and prepare for the banks to accept them when they go in for loans. 

She said her outfit was looking at the large middle groupings that can afford, but need support, as they are not leaving anyone behind.

Mr. Julian Kingsley Opuni, Managing Director of Fidelity Bank, said the meeting would help in sharing new segments in specialisation and formulation of new products, and to understand the value chain better.

He disclosed that businesses that are out of commercialisation would be positively impacted through internal capacity building.

Anjo Van Toorn, County Director SNV Ghana and representative of the Embassy of the Kingdom of the Netherlands, said their aim was to help and ensure improved sanitation for all, and train SMEs to also sensitise players in the sector.

He stated that it was important to strengthen the sector and empower them in achieving improved sanitation in every household, in terms of water and sanitation.

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