Community Empowerment & Development Agency-(CEDA-SL)

 

 

 

46 Dambala Road, Southern Province, Bo.

Executive Director (CEDA)
  1. GENERAL INFORMATION: Background /brief introduction

Community Empowerment and Development Agency (CEDA) was registered as an indigenous non-governmental organization (NGO) in 1994 at the Ministry of Development and Economic Planning (MODEP now MoFED), Sierra Leone and commenced micro-credit services in 2002 in Valunia Chiefdom of Bo District in the Southern Province. Initially, it focused on Agricultural activities, and Gender Empowerment in Bo District.

 

The Programme was initially “Lunia Agriculture and Rural Development Project” (LARDEP). LARDEP but went through restructuring, building up its institutional capacity to expand its services to cater for more beneficiaries and communities. With the consent of the Board members and meeting the demands of the Ministry of Development and Economic Planning for Registration as a National Non-Governmental Organization. LARDEP, was re-named Community Empowerment and Development Agency (CEDA) with its headquarters in Bo City.

 

One of its initial programmes was with the Sierra Leone Government/ World Bank program; Social Action for Poverty Alleviation (SAPA) supporting CEDA to start micro-credit program for rural poor especially women entrepreneurs. CEDA-is a product of an initial rural development effort focusing on activities in the rural areas of Bo, District. It has now developed a growing micro finance department delivering micro credit and non- financial services in rural communities in Bo, Moyamba, Pejuhun and Bonthe Districts in the Southern Province and Bombali District in the Northern Province of Sierra Leone and intends to expand its outreach activities to other neighboring regions.

 

Currently, CEDA is implementing a Village Savings and Loan (VS&L) scheme in the following:

  1. an EU/Plan Sierra Leone Food Security Project, with 600 groups of 25 members    

         (15,000) as active clients;

  1. a FLNO/Plan Sierra Leone Girl Power Project, with 45 groups of 25 members

         (1,125) as active clients;

  1. a MasterCard/Plan Sierra Leone Youth Empowerment Project, with 90 groups of 25

       members (2,250) as active clients.

 

As at December 31st 2014 our outstanding loan portfolio was Le 3,102,500,000 and the portfolio at risk (PAR) was greater than 30 days at 5.6%, with 3415 active clients.

 

  1. ORGANISATIONAL FOUNDATION

 

Vision

To become a well-established developed institution that provides enterprise development and economic support to the poor; thereby enabling them to equally participate in developmental process, become stakeholders and decision makers in their communities through self-employment, and social awareness.

Mission

To provide enterprise development opportunities to disadvantaged communities in Sierra Leone, especially to women and Youth in a sustainable manner.

Goals/objectives

The three primary goals are to:

·         Promote children, women and youth empowerment through social awareness raising campaigns and foster unity and collaboration amongst themselves;

·         To meet with challenges of (MDG.) especially empowering women in sustainable business enterprise;

·         Reach 12,500 micro-entrepreneur borrowers with potential and financial viability by adopting proven delivery mechanisms by 2020.

·         Improve sanitation situation of communities by providing good health services quality drinking water providing latrines and awareness raising on HIV/AIDS in the communities to improve on the health situation.

Organizational Values

CEDA-MICROFINANCE sees these values as critical and integral to its activities:

Commitment: CEDA MSL realizes that commitment is the key to success in achieving its vision and mission. Thus, CEDA-MICROFINANCE staff and partner organizations are committed to the values and success of the organization.

Confidentiality: Confidentiality is the ethical principle of ensuring that information is kept private and is only accessible to those who are authorized to have access. Through confidentiality guidelines, CEDA-MICROFINANCE works to ensure that the privacy of all beneficiaries is maintained.

Cooperation: Cooperation is the process of working together to achieve shared goals and CEDA-MICROFINANCE believes in the motto “united we stand separated we fall.” CEDA-MICROFINANCE strives to ensure cooperation amongst its staff members and key stakeholders in order to collectively enhance achieving the agency’s goals.

Democratic Leadership: CEDA-MICROFINANCE promotes participative leadership to ensure that staff members are involved in all stages of the decision making processes. Staff members are encouraged to share their ideas and thoughts, leading creative ways to achieve the goals of the agency.

Ethical Accountability: CEDA-MICROFINANCE strives to improve organizational performance by developing and promoting responsible tools and professional expertise. By advocating an effective enabling environment for beneficiaries and member organizations, CEDA-MICROFINANCE will embrace a culture of sustainable development.

Partnership: We recognise the importance of good relationships and strong, mutually beneficial partnerships. Partnership is a deliberate collaboration with actors similarly motivated to combat issues relevant to CEDA-MICROFINANCE’s mission and vision. CEDA-MICROFINANCE’s partners include community based organizations, local and international NGOs, local, regional or central government ministries, development partners and the private sector.

Volunteerism: The willingness of people to work on behalf of others without the motivation of financial gain is a central tenet of CEDA-MICROFINANCE’s sustainability. CEDA-MICROFINANCE cannot achieve its vision and mission without the commitment, energy or capacity of local volunteers.

 

2010-2015

Programs/projects that focus specifically on micro-finance and VS&L.

 

 

Programme

Donor

Budget

(Le)

Status

Micro-Finance 2002- to-date

mitaf (kfw, cord aid, undp, uncdf)

 

2,401,138,021.94

 

On-going

Girl Power Project V S & L

Plan Sierra Leone (Moyamba)

246,542,043

On-going

Food Security Project V S & L

Plan Sierra Leone (Moyamba)

319,665,765

On-going

Youth Empowerment Project VS&L

Plan Sierra Leone (Moyamba

165,621,863

On-going

Sponsorship - Village Savings and Loan (VSL)   in     two chiefdoms in the Moyamba District 2008

Plan Sierra Leone

(Moyamba)

 

63,673,000

 

Completed

F L N O - Village Savings and Loan (VSL)   in     two chiefdoms in the Moyamba District 2009 - 2010

Plan Sierra Leone

(Moyamba)

 

55,103,351

Completed

Direct Support to income generation for Rural Women in Moyamba and Port Loko (2009)

 

UNDP

 

455,100,000

 

Completed

  1. OPERATIONAL CAPACITY

 

             LOGISTICS & assets

Items

Quantity

Donated to CEDA

Provided by CEDA

Motorbikes (XL)

24

Two (2) from MITAF and Three (3) from Plan Sierra Leone and Three (3)

4

Computers

16

Four (4) from MITAF and Two (2) from Plan Sierra Leone

7

Vehicles (One Land Cruiser cobra, one Pajero and one Toyota (Hilux ) One Land Cruiser Hardtop, One Land Cruiser Prado

2

 

2

DS TV

1

NIL

1

Refrigerator

3

NIL

3

Generators

5

Three (3) by MITAF, One (1) by Plan-SL and One

1

 

 

Personnel strength

Office location

Staff/volunteers

(number of staff/vol. in each office)

Program staff

Support Staff

 

M

F

M

F

22 Hospital Road Bo

7

4

1

1

24 Old Town Road Pujehun

3

2

0

1

25 Siaka Steven Street Moyamba

4

2

1

1

60 Momaligie Road Mattru

3

2

1

0

 

  1. MANAGEMENT STRUCTURE

CEDA maintains a Board comprising 5 Directors excluding the Executive Director who is an ex-officio member. The Board members have a mix of skills and expertise to positively contribute to the advancement of CEDA-MICROFINANCE in achieving its goals and objectives. In addition, some Board members have also benefited from Governance training conducted by MITAF and NaCSA. The Board meets quarterly to review and approve policies, budgets, audit reports, financial and operational performance.

 

Board members are nominated and appointed for four years. A full board meeting would occur annually four times supplemented by extraordinary meetings. The Board delegates responsibilities for day-to-day operations to the institution, Executive Director and Committees. The board receives seating fees compensation other than reasonable expenses. A brief profile Board Members of CEDA are presented in Table below.

 

Board Membership

NAME

Position in the Board

Profile

  1. Mrs. Haja         Isatu Kamara

Chair Person

Mrs. Isatu Kamara has been working in the private sector with a passion for entrepreneurship. She has been engaged in this for the past 12 years and is currently the Training Manager of Sierra Leone Opportunities Industrialization Center (SLOIC)

  1. Mr. Harold L. Tucker

Vice Chair-Person

Mr. Tucker has been engaged in all his career as a programme person with specific functions of proposal development for both rural and urban community interventions, Organizational Development, Planning, and Monitoring. Mr. Tucker is currently the Director GrACED, a Local NGO.

  1. Mr. Lamin Saidu

Member

Mr. Saidu has been an accountant in both public and private domain. He is a graduate in Accounting and is currently the Accountant at Network Movement for Justice and Development

  1. Mrs. Fatmata Saccoh

Member

Mrs. Saccoh is Business Woman who has been in business all her life. She is currently the Vice Chairlady of Bo District Traders Union

  1. Mr. A. F. Jajua

Member

Mr. Fajua is an Economics graduate and has worked in the banking industry for the past 15 years where he rose to the position of a Bank Manager. He is now a Retired Bank Manager

 

 

 

 

 

  1. Strategic Affiliates/Partnership with other donors
    • (Local, International,   Government) (Past and present)
  • Microfinance Investment and Technical Assistance Facility (MITAF), a multi-    

       donor funded program (representing KFW, UNCDF, UNDP, CORDAID, to name a  

       few) to promote microfinance sector of Sierra Leone.

  • National Commission for Social Action (NaCSA), Microfinance Programme

       (MFP). They provide training for microfinance institutions in Sierra Leone

  • Sierra Leone Association of Microfinance Institutions (SLAMFI).
  • Microfinance Coordination Committee, Bo
  • Finish Refugee Council (FRC), to implement adult literacy program for illiterate

       micro-credit clients of CEDA.

  • Ministry of Economic Development and Planning (MOEDP), Sierra Leone for legal

       status

  • Sierra Leone Association of Non-Governmental Organizations (SLANGO)
  • Plan – Sierra Leone – Village Savings and Lending – Moyamba District
  • Voluntary Service Overseas (VSO) – provide technical advice to CEDA
  • UNDP/YES – Women and Youth Empowerment Scheme
  • Emile Kargbo & Associates –Audit Firm for CED
  • King Walker & Associates – present Audit Firm for CEDA