Credit delivery by faith based organisations and its utilisation in rural Ghana: a case study of world vision Ghana in the Atebubu District of the Brong Ahafo Region

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Rural micro finance as a development strategy has enjoyed a significant universal goodwill but limited success in the rural areas of third world countries. The importance of rural micro finance has become more revealing in the current national development process giving the thrust of rural poverty reduction in the overarching national policy framework, the Ghana Poverty Reduction Strategy. However, an effort at harnessing the potential of micro finance for rural development is bedevilled with numerous challenges that have rendered its importance apparent on paper but less efficacious on the ground, this means such projects often fail to sustain the process and production of benefits that is expected to set in motion the wheels of rural development. In this study it is observed that Atebubu Amanten, a rural district has witnessed some micro finance interventions both from the state, religious organisations and external agencies. However, immense failure of such interventions has rendered micro finance interventions especially unattractive. In view of this the study sought to redefine the orientation of micro finance delivery from excessive focus on the repayment and access dynamics to the utilization processes which constitute the management and production stage of the rural finance process. Identifying and appraising the problems of credit utilization, it was established that the practice of religion and culture by the recipients, some of whom were illiterates, impacted negatively on their ability to utilize the credit. The study developed some conceptual models and recommendations to handle the problems.
A thesis submitted to the Board of Postgraduate Studies, Kwame Nkrumah University of Science and Technology, Kumasi, in partial fulfilment of the requirements for the award of the Degree of Master of Philosophy in Religious Studies, 2011