Le projet

IMPORTANT NOTE: high risk product - direct loan to renewable energy product distribution company. No local financial institution in between to cover risks.

Basic info:

Issuer:                         Management for Development Foundation West Africa Limited
Currency:                    EURO
Amount:                      300,000 senior debt
Maturity:                      24 months, semi-annually and linearly amortizing        
Interest rate:               8 % p.a.
 

Direct loan

This is a direct loan to a company (rather than lending to a financial institution) and therefore it is recommendable that you are careful with the amount you will invest. 

Documentation

• Information document of the issuer
• Presentation of the project

The company

From the introduction of the first project management training in 1984 a whole range of training and consultancy services in the area of project, programme and organisational management followed. In the next 15 years MDF gained significant experience as learning facilitators through its training and consultancy services. By then it was time to widen the geographical spread of services by creating a second office in Sri Lanka. In 2000 the name grew into ‘MDF Training & Consultancy’. We kept the well-known acronym ‘MDF’ followed by its core services ‘Training and Consultancy’. More offices followed and now MDF Training & Consultancy has offices in Sri Lanka, Vietnam, Indonesia, Bangladesh, Myanmar, Belgium, DR Congo, Kenya, and Ghana. Meanwhile, the MDF Training & Consultancy in the Netherlands remains in Ede, where it all began. 

Summary

With the loan, Management for Development Foundation West Africa will be able to participate in the The Special Treat Project (TST). TST aims to improve the living conditions of 300,000 people in Nsawam, Ga Central and Ga West (Ghana), through improved sanitation, waste water treatment, re-use of energy and the sales of compost. In de context of the project 6 public sanitation blocks,  feacal waste treatment plant become operational from January 2019. The project will have an enabling environment programme, offering capacity building and organisational development to implementing and enabling parties and public awareness and behaviour change to the inhabitants of the project areas

The current situation in the region is as follows:

The municipalities Ga Central and Ga West in the Greater Accra Region, as well as Nsawam in Akuapim South in the Eastern Region house circa 529,557 people (census 2010), a number that is expected to rise to 800,000 by 2020 (based on the current growth rate of 4.2%).

However, the development of sanitation has not grown at the same pace and is lagging behind, as revealed by a baseline study carried out by Ecorys in 2013. The study stated that in Ga West and Ga Central only 37% and 60% of the population respectively has access to improved sanitation. Waste water treatment is almost non-existing in the area, with data showing that, in the Greater Accra Metropolitan Area (4 million people), of which Ga West and Ga Central form the western part, only 17% of the estimated amount of waste water produced in 2007, was treated. If unattended, the situation will only deteriorate as projections show that the amount of waste water is expected to triple in the next 20 years (Switch, 2011) due to meagre sanitation at the homes and at public places.

The overall problem addressed by the project is the poor and rapidly detiorating living conditions of the growing population in the three identified project areas in relation to poor, inadequate or non-functioning sanitation and waste water management and treatment facilities.

Use of funds

• [5] commercial Public Sanitation Blocks will be build under the brand name SaniStop
• 1 Public Sanitation Block will be build in the Medium Security Male Prison in Nsawam (Ghana)
• The funds will contribute to the construction of the Waste Water Treatment Plant [30] number of people hired locally
• Improved living conditions of 300,000 People

In order to run a successful project and have a sustainable enterprise after the project period, we have restructured the project and business framework, with the different roles/tasks and responsibilities of each entity:

Green Energy Ghana Limited

MDF West Africa Limited has acquired land at Nsawam Municipality, which will be used to build the plant. With the loan provided, MDF will become shareholder of The Green Energy Ghana Limited, which will design, build, manage, exploit, and maintain a faecal waste treatment plant and 5 Public Sanitation Blocks under the trade name SaniStop.

Public Sanitation Blocks

By end of 2019 the company will develop 5 public sanitation blocks in co-creation with local entrepreneurs – investors – operators. Reputed companies will tender for construction, operations and maintenance of public sanitation blocks in selected municipalities (2 Ga West, 2 Ga Central, 1 Nsawam-Adoagyiri, 1 Male Yard – Prison’s Security),

The Business models – revenue streams consist of the following:

a.       Gathering tipping fees, liquid waste collection/emptying

b.       Sales of Compost

c.       Income generated from use of Public Sanitation Block (Sale of Franchise concept Public Sanitation Block)

d.       Reducing operational costs by use of Biogas (electricity)

Main product will be sales of organic compost, besides income generated from the tipping fees and usage of the Sanitation Blocks.

Impact

The Special Treat Project will impact the sanitation, hygiene and day-to-day living standards of 300,000 people in the Greater Accra area and the Eastern Region. It will increase water quality, decrease water-borne diseases and decrease mortality and morbidity; it will enhance economic growth with more business opportunities and direct jobs in sanitation, waste water collection and transportation, construction and indirectly in agriculture, retail and tourism. Reduced illness rates will offer residents more time to engage in education and income generation and positively affect the level of household incomes.

• Use of sustainable and affordable sanitation services at markets, railway stations and adjacent lorry park & bus stops (3,000 visitors each day per public sanitation block).
• A waste water treatment plant is constructed and in operation at a location to be decided with a capacity of 300,000 inhabitants equivalent.
• Collection, transport and disposal of faecal sludge improved for 300,000 inhabitants in Ga Central Municipal Assembly, Ga West Municipal Assembly and Nsawam .

Our vision

We believe in an ever-changing world where there is a growing urgency to create more equitable societies, people who continue to develop themselves are best equipped to contribute towards making a sustainable difference.

Our mission

to foster competent professionals and improve the functioning of organisations and networks in order to increase their positive social impact.

Highlights or Awards

We received a grant under the Ghana WASH Window, a facility initiated by the Dutch Embassy in Accra and managed by the Netherlands Enterprise Agency (RVO) in The Hague.

Board of Directors MDF Training & Consultancy

The management team consists of two Managing Directors and the Finance Director, overlooking the daily activities.

Managing Directors - Mr Herman Snelder & Mr Mike Zuijderduijn
Finance Director - Ms Ingrid Plag