IPAE 1

Finance Trust Bank (FTB), one of the oldest MFIs in Uganda, started its operations in 1984. The company is licensed and regulated by Bank of Uganda as a Micro Deposit Taking Institution (MDI) and is recognized as a key player and part of Uganda’s formal financial sector.  FTB has 36 interconnected branches positioned all over the country and serves over 140,000 customers with a variety of savings and loan solutions including business loans, salary loans, school fees loans, savings accounts, fixed deposits and a money transfer service through Western Union Money Transfer.

Its mission is to provide valued relevant financial services to low and medium income people, especially women, for poverty reduction with a focus on excellent customer service and accessibility.

THE ENTREPRENEUR

Anne Nakawunde is the Managing Director of Finance Trust Bank. Anne is a banker by profession with over 10 years’ practical experience in Banking and Microfinance. Previously she has worked in various capacities, at Finance Trust Bank as Head of Operations and Operations & Compliance Manager. Prior to Finance Trust Bank, Annet held various key positions at Pride Microfinance and Nile Bank Ltd.

holds a Master of Business Administration from Makere University, Kampala, with a major in finance. The Women’s World Banking network in New York recognized her as the "Financial Woman of the Year" in 2008.

PARTNERSHIP WITH I&P

I&P comitted alongside with FTB

• To bring strategic support

• To lead the operational comittee at the Board of Directors

KEY IMPACTS

• Access to credit and saving services for a large part of the population

• 173 743 individuals capitalize their savings at UFT

• 22 700 borrowers had their businesses funded in 2012

ACEP Madagascar is a financial institution for micro companies financing and SMEs. ACEP Madagascar was created in 2009 and positions as a major actor in microfinance industry in Madagascar. Its aim is to bring financial services (credit, saving, insurance) to populations traditionally excluded from the financial circuit because of their non-solvability.

ACEP Madagascar is one of Madagascar’s oldest MFIs. Thanks to its network of 6 regional branches and 42 agencies, it makes its financial products available to a wide range of customers.

PARTNERSHIP WITH I&P

I&P is committed alongside ACEP Madagascar to:

• The standardization of management tools in the domain of computing, new technologies, and use of plastic money. 

• To think about environmental responsibility and social performance.

IMPACTS

• More than 350 jobs created

• Incomes have known a growth of +24% from 2010 to 2011

• Since its creation in 2009, ACEP has allowed credits to more than 19500 urban and suburb entrepreneurs 

The Comorian Development Bank (CDB) was created in 1982 by the Union of the Comoros, the AFD (French Agency for Development) and the European Investment Bank. Its initial goal was to promote the Comorian economic growth while financing for the medium-term production activities. Following a period when the CDB met great difficulties, a technical assistance mission was led by ACEP-International with AFD’s funding in 2008. A new credit policy was defined and the CDB has greatly developed its outstanding and is now profit-making since 2010.