Mirepa Team Presents Findings on Available Blended Finance Options
Over the last four (4) months, the Mirepa Team on behalf of SNV Ghana, conducted a market study to assess the availability of blended finance options for co-funding and de-risking mechanisms for GrEEn businesses (Agribusiness, Renewable Energy and Water, Sanitation and Hygiene-WASH) in the Ashanti and Western regions.
The findings of the study were presented by Sandrah Baafi and Esienam Agbenorto to a gathering of ecosystem players at the 3rd edition of the annual GrEEn Investment Forum organized by SNV on Thursday, 3rd November 2022 in the Ashanti region.
The key insights from the study are:
- 1. Blended finance is still not well understood by both the suppliers and MSMEs.
- 2. MSMEs access to finance has largely unchanged since 2020 when the initial study was done.
- 3. Among GrEEn sectors, agriculture remains the dominant target and recipient of blended finance options.
- 4. The business model of microcredit suppliers generally targets female clientele.
- 5. Blended finance options like capacity building and portfolio management are less helpful without funding to stimulate MSMEs operations.
- 6. The terms of available blended finance options are not always favorable.
