Micro credit products and services in beige capital and entrepreneurship development (an assessment)
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Date
JULY, 2015
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Abstract
Over last two decades, microcredit became an important tool for alleviating poverty through entrepreneurial development, mostly amongst the less privileged in society. However the overall success of microcredit program depends not only on immediate alleviation of poverty but also the long-term sustainability of the financial institutions delivering microcredit services and the accumulation of assets through value addition of entrepreneurship businesses. The main objective of this study was to assess the impact of microcredit services on entrepreneurship development in Ghana; specifically, the study investigate the type of financial support services provided and its value addition on entrepreneurship businesses and challenges facing beneficiaries and microcredit service providers. The survey approach, through the use of structured questionnaire was used to collect the primary data from the branches of Beige Capital Savings and loans Limited in the Ashanti Region. Descriptive analysis was done to help investigate the objective set out to assess the microcredit product and services on entrepreneurship business development. It came up from the study that the type of financial support services provided by Beige Capital such as the loan product, deposit product, investment product etc are frequently provided with technical support services, sometimes. It was also revealed that customers have easy access to credit and these facilities are provided on time to meet the business needs of customers. This has helped to improve the business cycle of customers and added value to their working capital, and has helped in entrepreneurial development in general, irrespective of the challenges such as high interest rate on borrowing and administrative charges.
Description
A Thesis submitted to the Department of Accounting and Finance, Kwame Nkrumah University of Science and Technology in partial fulfilment of the requirements for the degree of Master of Business Administration (Finance Option)