Group lending and its social effect in Ghana: A case study of Women’s World Banking Ghana
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Date
2011
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Abstract
Women’s World Banking Ghana primarily seeks to demonstrate among others that the poor are bankable and that micro finance is a commercially viable venture, promote small and micro enterprises in the poor urban and rural areas, act as a catalyst for building an institutional framework that enables poor people to better manage their financial lives; and explore new horizons in the banking industry that support poor rural and urban entrepreneurs to develop their enterprises. This study sought to determine the group lending and its effect on the social life with particular focus on their credit availability to SMEs to enable them reduce poverty and improve their social life. It is expected to examine the operation of Women’s World Banking Ghana and determine the effect of group lending on Women’s World Banking Ghana.
Purposive sampling techniques were used for the study through questionnaires administration. Analyses were made on the questionnaires and conclusions were drawn from the data collected.
The study also offers findings that most of the clients prefer short term loan to long term loans; clients prefer loans to be disbursed in full payment and not on instalment, group lending has improve social life of clients, the active population are eager to be self- employable, higher female clientele base than male, difficulty in providing cash security as a prerequisite to access loans. In the event the following recommendations were made , that Women’s world Banking Ghana should focus more on women in their group lending, should design an incentive for its clients who have good repayment character, to strategically review group loan product to meet the needs of borrowers.
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A Thesis submitted to the Institute of Distance Learning, Kwame Nkrumah University of Science and Technology in partial fulfillment of the requirements for the degree of Commonwealth Executive Masters in Business Administration,