Baobab Microfinance started its activities in 2008 in Tamale, in the Northern Region of Ghana. The MFI was created by two individuals, both originally from the North who wanted to reduce the level of poverty of their birth region.
It currently has 5 branches and provides financial services, through a group methodology, by largely targeting low income women in the informal sector. The mission of the institution is a sustainable end of poverty in Northern Ghana which they are trying to achieve through the Susu program by providing microcredit, training and support to micro-enterprises.
Today, Baobab provides its services to more than 25,200 clients, mostly women, via small loans (an average of EUR 199 per loan).