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Author: Paul Oppong-Boakye
Publisher:
ISBN:
Category :
Languages : en
Pages : 10
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Book Description
The role of micro-enterprises in developing countries cannot be under-estimated. Access to finance is critical to the growth of micro-enterprises. Contrary to the past, financial institutions in Ghana are now embracing the idea of financing micro-enterprises. The study examines the forms of financial institutions involved in the provision of micro-loans, the role of micro-loans in the micro-enterprises, and the challenges micro-enterprises face in accessing micro-loans. The simple random sampling technique was employed to collect data from 400 micro-enterprises. The study reveals that both mainstream universal banks and microfinance institutions are involved in the provision of micro loans to micro-enterprises. Also, micro-loans have impacted positively on the micro-enterprises in the study. Finally, high interest rates, provision of collateral, requirement to save regularly and short repayment period are the major challenges micro-enterprises face in accessing micro-loans in Ghana.
Author: Paul Oppong-Boakye
Publisher:
ISBN:
Category :
Languages : en
Pages : 10
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Book Description
The role of micro-enterprises in developing countries cannot be under-estimated. Access to finance is critical to the growth of micro-enterprises. Contrary to the past, financial institutions in Ghana are now embracing the idea of financing micro-enterprises. The study examines the forms of financial institutions involved in the provision of micro-loans, the role of micro-loans in the micro-enterprises, and the challenges micro-enterprises face in accessing micro-loans. The simple random sampling technique was employed to collect data from 400 micro-enterprises. The study reveals that both mainstream universal banks and microfinance institutions are involved in the provision of micro loans to micro-enterprises. Also, micro-loans have impacted positively on the micro-enterprises in the study. Finally, high interest rates, provision of collateral, requirement to save regularly and short repayment period are the major challenges micro-enterprises face in accessing micro-loans in Ghana.
Author: Joseph Ato Forson
Publisher: GRIN Verlag
ISBN: 3656341605
Category : Business & Economics
Languages : en
Pages : 82
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Book Description
Research Paper (undergraduate) from the year 2008 in the subject Economics - Finance, grade: none, , language: English, abstract: This study sought to investigate into the roles being played by MFIs as far the operation of SMEs are concern. The researcher used questionnaires and interviews to collect data from 66 respondents (see appendix 3 pg. 84). From the research it was revealed that during the 2007 fiscal year alone, GCSL and FASL paid over GH¢54,846,273.00 as loans to SMEs as against GH¢197,675.00 mobilised through savings. In other to reach out to more customers, additional branches have been opened in new Tafo, Bantama, Tanoso and Adum. The research also revealed that these MFIs have an effective way of recovering loans with an appreciable rate varying between 90.2% - 96.6%. Though this is encouraging, it has been argued that these rates fall below the international standard of measuring micro finance recovery rate which is 98%. This has accounted for the increasingly falling rate of total loan grants. On the impact of MFIs on poverty reduction, it was established that there has been a positive impact with about 85% of those interviewed admitting they are able to access certain facilities that hitherto they found difficult. The income earnings has considerable increased per week as against the standard of measurement set in the GPRS I (2000), which recognizes all earners of income less than GH90.00 per annum to be poor. Aside the monetary indicators, respondents are also able to meet some of the social indicators of poverty. These improvements were attainable through the additional services provided by these MFIs. According to the research, aside its lending role, it also act in an advisory capacity teaching clients basic accounting book keeping and sound financial management. This has helped in expanding the operation of SMEs and discovery of auxiliary ventures.
Author:
Publisher: World Bank Publications
ISBN: 9780821329641
Category : Business & Economics
Languages : en
Pages : 130
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Book Description
World Bank Discussion Paper No. 251. This study investigates the conflicting viewpoints of small- and medium-size enterprises (SMEs) and banks: the SMEs contend that the supply of bank financing is largely unavailable to them, while banks maintain
Author: Ghana. Commission of Enquiry into the Operations of the Office of Business Promotion and the Small Business Loans Scheme
Publisher:
ISBN:
Category : Business enterprises
Languages : en
Pages : 68
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Book Description
Author: Richard Boso
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
Microfinance plays an important role in the anti-poverty strategy of many countries, and many have parastatal enterprises providing group loans. It is, to date, unclear whether state-sponsored microfinance plays the same role as the one provided by the private and non-governmental sector. We study a parastatal microlender of Ghana that offers joint liability loans to microenterprises. We highlight several differences with regular microfinance: subsidized interest rates, slow disbursement, low repayment rates, and interactions between borrowers and political operatives. We then study the impact of loans on microenterprise outcomes six to ten months after borrowing, by leveraging an unexpected lending freeze which caused some borrowers to not be able to obtain a loan they qualified for. Entrepreneurs receiving credit had higher profits. The effects are driven by borrowers whose applications were not endorsed by political party operatives.
Author:
Publisher: World Bank Publications
ISBN:
Category : Bank
Languages : en
Pages : 46
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Book Description
Abstract: The authors investigate the microfinance regulatory regimes in Benin, Ghana, and Tanzania, with a view to identifying key issues and lessons on how the overall regulatory framework affects integration of microfinance institutions into the financial system. The authors find that recognizing different tiers of both regulated and unregulated institutions in a financial structure facilitates financial deepening and outreach to otherwise underserved groups in urban and rural areas. That environment promotes sustainable microfinance under shared performance standards and encourages regulatory authorities to develop appropriate prudential regulations and staff capacity. Case studies of the three countries raise important issues on promoting microfinance development vis-à-vis regulating them. Laws to regulate activities other than intermediation of public deposits into loans can result in disproportionately restrictive and unmanageable standards, even as dynamic microfinance sectors have emerged without conducive regulatory regimes. The authors use the three countries' regulatory experiences to highlight the importance of differentiating when prudential supervision is warranted and when regulatory oversight suffices, and to identify the agencies to carry out regulation. They address an important issue that has received scant attention, measuring and paying for the costs of regulating microfinance, and the need to build technical capacity of supervisory and regulatory staff.
Author: Theophilus Tei Ayanou
Publisher: GRIN Verlag
ISBN: 3656697493
Category : Business & Economics
Languages : en
Pages : 77
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Book Description
Bachelor Thesis from the year 2011 in the subject Economics - Finance, Kwame Nkrumah University of Science and Technology, course: Business Administration, language: English, abstract: This research study investigates the impact assessment of microfinance on women entrepreneurs in SMEs. The researchers used case study, questionnaire as an instrument of primary data collection and secondary data. Statistical Package for Social Scientist (SPSS) and Microsoft Excel were used in data presentation and analysis. Random sampling of women entrepreneurs were used to select a sample size of sixty (60) respondents. For clear analysis, the study centers on three broad variables for impact assessments which are business, household and sociopolitical. The study reveals that microfinance has a positive impact on women entrepreneurs in relation to their business, household, socially and politically. The research also found out that the level of interest rate charged is a potential contribution to loan delinquency and the demand of collateral securities is a challenge to women entrepreneurs in their quest to access loan from MFIs. Also, the researcher contains recommendations to MFIs and women entrepreneurs in SMEs in the Kumasi Metropolis.
Author: Hulme David
Publisher: Routledge
ISBN: 1134803842
Category : Business & Economics
Languages : en
Pages : 244
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Book Description
In two volumes these books review and expand the theory that poverty in the world's poorest regions could be alleviated by providing small loans to micro-entrepreneurs. Volume 1 provides detailed analysis of this theory and offers policy recommendations for practitioners in this field. Volume 2 presents empirical evidence drawn from comparative experiences in seven developing countries. The work assesses the success of this policy and provides some startling conclusions. This is essential reading for all those interested in development, poverty-reduction, social welfare and finance.
Author: Yahaya Alhassan
Publisher: Business Science Reference
ISBN: 9781799874997
Category : Business & Economics
Languages : en
Pages : 408
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Book Description
"This book offers great insight into theoretical, policy-oriented and practical ways to address some of the challenges of using microfinance for sustainable development in Africa"--
Author: Charles Owusu Marfo
Publisher:
ISBN: 9783887223786
Category :
Languages : en
Pages : 44
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Book Description
