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Please use this identifier to cite or link to this item: http://hdl.handle.net/123456789/630

Title: Financing of small scale enterprises – the role of microfinance in South Tongu District
Authors: Aflakpui, Joseph Kobla
Issue Date: 5-Aug-2009
Abstract: The study examined the impact of micro finance on Small Scale Enterprises in the South Tongu District. The study looked at issues such as the benefits clients derive from the services provided by microfinance institutions, the constraints facing both SSEs and MFIs and the terms of lending. The study also examined the level of income, equipment level, employment generation, and the standard of living of the beneficiaries before and after benefiting from the products of MFIs. The objectives set for the study include the level of income by the beneficiaries, equipment level, employment creation, and standard of living of the beneficiaries. The methods used for data collection include questionnaires. The population size of one thousand, eight hundred and sixty-one (1,861) was used after which 104 was randomly selected for the study. One hundred (100) small scale enterprises in South Tongu District and four (4) microfinance institutions in and outside South Tongu District. Statistical tools such as tables were used to analyse the data. The study revealed that microfinance has the ability to reduce poverty in its clients when the products given to clients were incorporated with training, supply of equipment, and regular monitoring. It was also observed that most of the selected MFIs placed strong emphasis on gender particularly women. It has also revealed that beneficiaries who benefited considerably from the products of microfinance enjoyed increase in income, increase in equipment, creation of employment, and improvement in standard of living. It has revealed that the greater percentage number of people did not benefit from these products. The study revealed some challenges that beneficiaries faced; they include: market saturation, lack of records keeping, lack of technology, and unfavourable business environment. Microfinance institutions did face some problems. These are default in payment, relocation of beneficiaries, etc. The recommendations are that MFIs should provide insurance products to their clients. Secondly, they should organise training programmes in records keeping, credit management, and marketing, and also a management seminar. Officers of MFIs should intensify monitoring every week on their clients. The mode of repayment should be flexible for the beneficiaries of microloans. Finally, MFIs should encourage their clients to formalise their businesses.
Description: A Thesis to the Institute of Distance Learning, Kwame Nkrumah University of Science and Technology in partial fulfilment for the degree of Commonwealth Executive Master of Business Administration (CEMBA), 2009
URI: http://hdl.handle.net/123456789/630
Appears in Collections:Institute of Distance Learning

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