Assessing the impact of microfinance interventions on the performance of small and medium scale enterprises (SMES): a case study of Sinapi Aba Trust and First Allied Savings and Loans Ltd in the Kumasi Metropolis

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Microfinance is an idea whose time has come: it meets the moment when government attention has fallen upon the social exclusion of those on low income and has no or limited access to banking services. This study provides an empirical examination of the performance and impact of Microfinance institutions in mobilizing Micro savings and offering credit for Small and Medium Scale Enterprises (SMEs) in Ghana. The results of this study strengthen the view that credit support from Microfinance institutions is imperative if small and medium scale enterprises in Ghana are to perform well. Furthermore, it is evident that there was improvement in the condition of clients after the receipt of credit. Findings from the ‘Before and After’ methodology were validated by the ‘With and Without’ methodology. Both Snappi Aba Trust (SAT) and First Allied and Savings Loans Limited (FASL) achieved positive impacts on beneficiaries of their respective credit schemes.
A thesis presented to the School of Business, Kwame Nkrumah University of Science and Technology in partial fulfilment of the requirements for the award of Master of Business Administration, 2008