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Microfinance in Africa, while not as advanced as in Latin America and Asia, plays a crucial role in poverty alleviation and economic growth. Ghana stands out with a dynamic microfinance sector, highlighted by 358,717 active borrowers and total loans amounting to $131.2 million as of 2009. Additionally, approximately 1.3 million private lenders in the country held around $140.2 million in deposits the same year, showcasing the sector's potential for financial inclusion and development.
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Microfinance Institutions in Ghana: Analysis of the Kraban Support Foundation (KSF), anonym
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- 2011
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