Community Empowerment & Development Agency-(CEDA-SL)
46 Dambala Road, Southern Province, Bo.
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:
(15,000) as active clients;
(1,125) as active clients;
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.
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.
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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 |
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 |
| 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) |
| 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. |
| 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 |
| 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 |
| 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 |
donor funded program (representing KFW, UNCDF, UNDP, CORDAID, to name a
few) to promote microfinance sector of Sierra Leone.
(MFP). They provide training for microfinance institutions in Sierra Leone
micro-credit clients of CEDA.
status