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Access to micro-credit well-being among women entrepreneurs in the Mfantsiman Municipality of Ghana

International Journal of Finance & Banking Studies

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Title Access to micro-credit well-being among women entrepreneurs in the Mfantsiman Municipality of Ghana
 
Creator Peprah, James Atta; Department of Economics, University of Cape Coast, Cape Coast,
 
Subject Finance
micro-credit, microfinance, MFIs, women entrepreneurs, well-being
 
Description Less attention has been given to well-being and other household characteristics that influence clients’ access to micro-credit among women households especially. The paper investigates the determinants of access to credit by 320 women entrepreneurs in the Mfantsiman Municipality in the Central Region of Ghana. Data for the study was collected in June-July 2010 from six communities including Mankessim, Saltpond, Anomabu, Biriwa and Yamoransa. Sturctured questionnaires were used to collect the data from women entrepreneurs. The results of the study indicate that clients’ well-being influences access to credit amount. Clients who have been in business for long time are likely to access larger loan amounts. Marital status and education do not influence access to credit. Among the recommendations are that microfinance should not only target clients with high well-being scores but those with low well-being scores since the original aim of microfinance is to lift the poor out of poverty. It is important to give credit to aged business owners instead of young ones. Giving credit to married women because their husbands could serve as guarantors does not matter much but rather women who do not have husbands also need to benefit from micro-credit. 
 
Publisher SSBFNET
 
Contributor —
 
Date 2012-12-15
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://www.ssbfnet.com/ojs/index.php/ijfbs/article/view/9
 
Source International Journal of Finance & Banking Studies (ISSN: 2147- 4486); Vol 1, No 1 (2012): IJFBS; 1-14
2147-4486
 
Language eng
 
Relation http://www.ssbfnet.com/ojs/index.php/ijfbs/article/view/9/9