The research investigated the effects of the microfinance programme by
Initiative Development-Ghana on its women clients in Nima, a suburb of Accra.
The main instrument used in the study was a structured interview designed
to tap the views of the selected respondents who were clients of ID-Ghana on the
effects of the microfinance programme on them and their nuclear family, (i.e.
husbands and children).
It was found out that, majority of ID-Ghana’s clients engaged in trading
and had been doing business with ID-Ghana between the past three-to-five (3 – 5)
years. They said the interest rate charged on loans was 10% and they were made
to pay back within six (6) months.
Beneficiaries of loans had savings which they did on daily Susu basis with
ID-Ghana who also ensured that they organized training programmes for their
clients to enable them improve on their businesses.
The microfinance programme had brought massive improvement in the
lives of their clients in terms of their ability to pay their ward’s school fees, utility
bills and provided fairly balanced meals for their families which affected their
health status positively. Clients had also seen expansion in their businesses.
Women who were non-clients of ID-Ghana also had some effects as a result
of the microfinance programme.
The research concluded that, there was a positive correlation of gains from
microfinance with improvement in standard of living. It also concluded that,
microfinance had a positive effect on household consumption
CDR, C (2021). THE EFFECTS OF THE MICROFINANCE PROGRAMME OF INITIATIVE DEVELOPMENT-GHANA ON WOMEN CLIENTS IN NIMA, A SUBURB OF ACCRA. Afribary.com: Retrieved May 08, 2021, from https://afribary.com/works/the-effects-of-the-microfinance-programme-of-initiative-development-ghana-on-women-clients-in-nima-a-suburb-of-accra
Coalition, CDR. "THE EFFECTS OF THE MICROFINANCE PROGRAMME OF INITIATIVE DEVELOPMENT-GHANA ON WOMEN CLIENTS IN NIMA, A SUBURB OF ACCRA" Afribary.com. Afribary.com, 17 Mar. 2021, https://afribary.com/works/the-effects-of-the-microfinance-programme-of-initiative-development-ghana-on-women-clients-in-nima-a-suburb-of-accra . Accessed 08 May. 2021.
Coalition, CDR. "THE EFFECTS OF THE MICROFINANCE PROGRAMME OF INITIATIVE DEVELOPMENT-GHANA ON WOMEN CLIENTS IN NIMA, A SUBURB OF ACCRA". Afribary.com, Afribary.com, 17 Mar. 2021. Web. 08 May. 2021. < https://afribary.com/works/the-effects-of-the-microfinance-programme-of-initiative-development-ghana-on-women-clients-in-nima-a-suburb-of-accra >.
Coalition, CDR. "THE EFFECTS OF THE MICROFINANCE PROGRAMME OF INITIATIVE DEVELOPMENT-GHANA ON WOMEN CLIENTS IN NIMA, A SUBURB OF ACCRA" Afribary.com (2021). Accessed May 08, 2021. https://afribary.com/works/the-effects-of-the-microfinance-programme-of-initiative-development-ghana-on-women-clients-in-nima-a-suburb-of-accra