- Monday :08:00-17:00
- Tuesday :08:00-17:00
- Wednesday :08:00-17:00
- Thursday :08:00-17:00
- Friday :08:00-17:00
- Saturday :Closed
- Sunday :Closed
Yeken Microfinance is the legal name of the business. Yeken was incorporated legally as Limited liability Company on the 15th day of September, 2008 and tasked to commence business as Microfinance Company on the 16th day of September, 2008,under the registration of Business Names Act,1962 (No 151). Yeken is located at Spintex-Accra.
Regulation.-The activities of the company is highly regulated by the Banking Supervision Department of Bank of Ghana (BOG). Yeken adhere to the Bank of Ghana Act 2004,the Banking Law 1989, Financial Institution (Non Banking) Law 1993,Ghana Company Code, the Microfinance Companies and Microcredit Activities Regulations, Capital Adequacy Regulations for Liquidity Management, Risk management ,Internal Control and Audit.
Membership. Yeken is affiliated to Ghana Association of Microfinance Companies (GAMC) since the inception of the association.
Historical Development-Yeken was established following a careful consideration of the microfinance sector or industry in Ghana. The research conducted by the management team of Yeken shows that, majority of our market women representing 45% and 25% of men brining a total to 70% among many other business owners were neglected by Ghanaian traditional banks and other non financial sectors; because of their low capital and their business segment which was classified as risky.
Yeken was founded to be environmentally, responsible and friendly microfinance company in Ghana, to redeem small entrepreneurship business from collapsing with idea of revamping the national economy and providing financial assistance to market women and men by eradicating poverty from our communities and provides access to affordably credit as a right, not a privilege.
Yeken believes that providing affordable capital is a business model that will allow the company to offer reliable financial and significant social returns to its investors and shareholders while providing valuable services to its borrowers- granting loans in amounts widely available to people of Ghana and beyond.
Despite the initial low capital of GH¢3,000.00 (Three Thousands Ghana Cedis Only) of the company from 2008 to date, Yeken has grown steadily by increasing it initial capital to GH¢500, 000, 00 under its management and thereby alleviating poverty from the communities especially the market women and men.
To administer a decent and dignify microfinance assistance to all small scale business at reasonable rates, so that micro economic capacity-building can encouraged economically and effectively in Ghana.
To be the most customer- focused, competitive, and to be environmentally responsible microfinance company in Ghana.
Our success depends upon our customers and it is the priorities of the company to meet our customer’s needs and wants. Including reliability, quality services, and prices in a manner that anticipates and exceeds their expectations.
Investment in employees.
We believe our employees are our great asset. The company shall invest in our employees to be successful in our mission. The company investment in the employees shall be directed through training, employee involvement, and strategic human resource planning and aimed at preparing the employees to meet the challenges of today and tomorrow.
We believe that ensuring safety of our employees and the public is an overriding responsibility. This core value shall be executed through our commitment to complying with regulation; working proactively to reduce workplace hazards and trains our employees
It is imperative to our success to conduct business to the highest ethical and legal standards. This core value is subjected to honesty, fairness, trustworthiness, and sincerity in all of our activities.
We believer excellence is the standard for all we do and is achieved by serving our customers with quality, reliability, and efficiency. We are committed to continuously seeking and applying new method and technologies to improve our productivity and our services.
We believe in taking full responsibility for our performance as individual employees and as company. We will be accountable through the establishment of goals and measures our performance in achieving those goals.
We believe to maintain financial outstanding performance. We also believe to have owed our value customers financial responsibility. And we will work in ways that are cost effective and efficient
- Continue to offer the lowest rate.
- Keep rates competitive with those of other financial companies.
- Maintain our strong financial position.
Our organizational goals are to increase our customer satisfaction and capture a large market share as measured through customer’s surveys. The target for 2010- 2016 should attain to 90% and respondents can rate their level of satisfaction as highly satisfied or totally satisfied.
CORPORATE OBJECTIVE AND STRATEGIES.
Building Competitive Advantage through Financial- Level Strategy
SUPERIOR EFFICIENCY. Meaning the company is a device for transforming input into outputs. Inputs are basic factors of production such as labour, capital management and technological know –how.
PRODUCTION AND EFFICIENCY: ECONOMIC OF SCALE.
YEKEN have ability to spread fixed cost over a large production volume of the company and produce a large volume to achieve greater division of labour and specialization.
MARKETING EFFICIENCY. This refers to the act and science of the position the company price, promote advertise product development, and distribution.
HUMAN RESOURCE STRATEGY AND EFFICIENCY. This philosophy refers as the more productive the employees, the lower the unit costs. The challenges of the company Human Resources Manager is to device and encourages employees to increase the productivity
YEKEN BOARD OF DIRECTORS.
Moses Amegbe -is the season lecture at the Presbyterian University College, Abetifi -kwahu.He was appointed as the finance director of the company, since September, 2011.Under his leadership, Yeken was able to grow very fast despite the low initial capital.
Mr.Emmanual Y.Kugblenu -is the founder of the company. He is among the first directors of the company and currently the Chief Executive Officer of the company. He is the graduate of Presbyterian University College with Bsc.Business Administration (Marketing Management Option), Graduate of Saint Felicite with LLB (International Law &Diplomacy), Master Degree in Governance and Leadership-GIMPA up to date.
Mrs. Emefa Normanyo Yekson -is one of the first director’s of the company and holds the position as operations director, since the inception of the company. She graduated from Cape Coast Polytechnique and hold HND in Marketing option and also the graduate of University of Ghana in Accountancy. She is very talented and industrious and always achieves the target and goals of the company. Upon her skills and support, the company is recording high corporate reputation.