Summit Vision Microfinance Services Limited

Summit Vision Microfinance Services Limited

Lending Partner since 2023 • Ghana
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Fundraising Status:active
Risk Rating:

What to know about this Lending Partner

Impact Category:
General Financial Inclusion
Default Rate:
3.68%
Currency Exchange Loss Rate:
1.67%
Total Loans Raised:
$404,415
Loans at Risk Rate:
0%
Kiva Borrowers:
262
Delinquency Rate:
0%
Interests and Fees:
N/A

Kiva conducts regular, ongoing monitoring of all Lending Partners, but only posts status updates here in response to relevant, major changes at the partner.


Partner description:

Summit Vision Microfinance Services Ltd (SVMF) is a licensed microfinance institution founded in 2010 with the main mission of providing microfinance services to individuals,MSMEs and small holder farmers in Ghana. Summit Vision MF uses both group-based and individual lending methodologies with a diversified range of products designed to penetrate the Ghanaian open markets and the rural agricultural sectors. Access to these loans enables underserved communities to grow their businesses and improve agricultural productivity and overall quality of life.


A unique lending approach:

Summit Vision Microfinance uses Kiva funding to provide agricultural input loans to smallholder farmers. The loans are for the purchase of farm inputs and the loans are disbursed in kind to a certified input dealer. The funding will enable small-scale farmers to improve their access to high-quality inputs and increase their productivity which in turn generates more income.