Browsing by Author "Obeng, Charles Kennedy"

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    The impact of micro-credit on poverty reduction in rural areas: a case study of Jaman North District, Ghana
    (2011) Obeng, Charles Kennedy
    Poverty reduction has been a major concern for successive governments in Ghana over the years because it is believed to be the universally accepted way of achieving economic growth in the country. This study with the title “the impact of microcredit on poverty reduction: A case study on Jaman North District , was chosen based on the fact that, the District has a lot of microfinance institutions which give credit to the poor. Two different questionnaires were designed for programme beneficiaries and non-programme beneficiaries, and the microfinance institutions and face to face interviews, were the instrument used to collect data. The data was analyzed with tables, percentages and diagrams using Microsoft Excel. First, a multi-stage sampling technique was employed in the selection of the study area while a purposeful or judgmental sampling was used to select the beneficiaries and non beneficiaries for the study. The objectives of the study were to assess whether microfinance has engendered positive or negative outcomes in reducing poverty. The findings from the study were that people, especially vulnerable and marginalized were getting access to credit which impacted positively on the poverty levels of the beneficiaries. In conclusion Most of the rural economic poor tend to look up to Microfinance institutions for credit. Fortunately, these institutions are geared towards the rural poor. It was recommended that, Sustain poverty reduction requires action and policies that will improve both the productive and the human capital of the poor. Policy interventions must be well targeted if the benefits are to reach the poor. Secondly, to meet the needs of the poor, formal institutions should be made to offer small loans that do not require physical collateral.