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Tag: Savings and Loans

Africa Business West Africa World 

Ghana: Savings and loans scheme economically empowers rural women

Elwin Mandowa, , , , , , , ,
In her early thirties, Zainab Amadu for the past two years has been running a beads making business in Kenyase, Ghana’s Ahafo region. She also operates a mobile money transfer business, multiplying her source of livelihood. Initially though Zainab struggled to put herself to work due to lack of access to capital. The banks won’t give her loan since she… Read More
Africa Business East Africa World 

Uganda’s Kasasa community gets savings and credit cooperative support

Elwin Mandowa, , , , , ,
– – Members of the Ugandan Kasasa community are benefiting from a savings and credit cooperative support to improve their livelihoods. The project by the InteRoots Initiative, a Denver, United States-based nonprofit organization with supporters from around the globe, has provided nearly $500,000 in unrestricted funding to the community for the project. The savings and credit cooperative has over 120… Read More
Africa Business Ghana West Africa World 

Ghana revokes licenses of 23 financial institutions

Village Reporter, , , , , ,
Ghana’s central bank has revoked the licenses of twenty-three (23) financial institutions mostly savings and loans companies. The Bank of Ghana in a statement on Friday said the financial institutions were insolvent and unable to operate properly. The revocation of the licences of the 23 institutions, according to the central bank had to be executed after the institutions failed to… Read More