Problems and Challenges of Microfinance Development in Ghana - Case Study of Opportunity International Sinapiaba Savings and Loans Limited (OI-SASL Ltd)

References

[1] CGAP: Consultative Group for Assisting the Poorest USA (2005).

[2] Global Microfinance Accelerator (2005).

[3] World Bank, “World Development Report 1990,” World Bank, Washington, D.C., 1990.

[4] RESULTS Canada for the Canadian International Development Agency, November 2000.

[5] The World Bank Group, Washington, 2001.

[6] Robert Christen Peck and Richard Rosenberg, CGAP Occasional Paper No. 4: The Rush to Regulate: Legal Frameworks for Microfinance (Washington, D.C.: CGAP, April 2000).

[7] Ernest Aryeetey and Christopher Udry, “The Characteristics of Informal Financial Markets in Africa,” Paper Presented at the Plenary Session of the Bi-annual Research Conference of the African Economic Research Consortium, Nairobi, Kenya, December 1994, pp. 3-5.

[8] Awofadeju, Martins O., Obah Tawo, Beryl Fonkem, Carl Amekudzi, Afolayan A. Fadeke, and Reena Faisal. 2024. "Integrating Cyber Forensic Analysis into Real Estate Investment: Enhancing Security and Boosting Investor Confidence." IRE Journals 7, no. 6: 390–400. https://doi.org/10.5281/zenodo.14503290.

[9] Adeniyi Osuntogun and Remi Adeyemo, “Mobilization of Rural Savings and Credit Extension by Pre-Cooperative Organizations in South Western Nigeria,” Savings and Development Quarterly Review, (No. 4, 1991), pp. 8-12.

[10] Ibid, pp. 12-14.

[11] Enajero, J. (2024). Comparative analysis of ESG-focused DeFi protocols and traditional ESG funds: Financial performance, transparency, and impact assessment. International Journal of Research and Innovation in Applied Science (IJRIAS), 6(12), 482–494. https://doi.org/10.35629/5252-0612482494

[12] Dan Seon and Patrick de Comara, “Savings Association Among the Bamileke: Traditional and Modern Cooperation in South West Cameroon,” American Anthropologist, (Vol. 74, No. 5, 1972), p. 23.

[13] Mark W. Delancey, “Savings and Credit Institutions in Rural West Africa,” Rural Africana, (Vol. 12, No. 3, 1978), pp. 11-26.

[14] Bolarinwa, Iyanuoluwa. 2022. "Fictitious yet Accountable: The Role of Civil Societies in Ensuring Accountability of Government Credits." Ikogho: Education, Social Sciences, Sciences, Humanities & Management Sciences Journal 21, no. 2: 1-15.

[15] John Adeyemo Adeboye, “Types and Characteristics of Microfinance in West Africa,” Paper Presentation on Course on Microfinance and Regulation of Non-Bank Financial Institutions organized by West African Institute for Financial Economic Management (WAIFEM), Lagos, Nigeria, September 6-7, 1999, p. 4.

[16] Leila Webster and Peter Fidler, The Informal Sector and Microfinance Institutions in West Africa (World Bank Regional and Sectorial Studies, World Bank, Washington, D.C., 1996), pp. 15-20.

[17] Awofadeju, Martins O., Beryl Fonkem, Omolola Akinola, Odunayo R. Olaniyan, Afolayan A. Fadeke, and Toyosi M. Olola. 2024. "Strategies for Mitigating Cybersecurity Challenges to Fund Management in the Digitalized Real Estate Industry." Magna Scientia Advanced Research and Reviews 11, no. 1: 385–398. https://doi.org/10.30574/msarr.2024.11.1.0061.

[18] Bolarinwa, Iyanuoluwa Simon, Toyosi Olola, Martins Awofadeju, and Beryl Fonkem. 2023. "The Death of Whistleblowing Policies in Nigeria and How It Entrenches Corruption and Financial Misappropriation." IRE Journals 7, no. 6: 376-385

[19] Onwuka, E. N., Salihu, B. A., & Abdul, I. A. (2017). Enhanced subscriber churn prediction model for the mobile telecommunication industry. ATBU Journal of Science, Technology & Education (JOSTE), 5(4), 67–75. Retrieved from www.atbuftejoste.com

[20] Financial Markets & Institutions, 4th Edition, Peter Howells & Keith Bain, 2004.

@article{1701976,
      author = {Christian Budu Duodu},
      title = {Problems and Challenges of Microfinance Development in Ghana - Case Study of Opportunity International Sinapiaba Savings and Loans Limited (OI-SASL Ltd)},
      journal = {Iconic Research And Engineering Journals},
      year = {2020},
      volume = {3},
      number = {9},
      pages = {269-280},
      issn = {2456-8880},
      url = {https://www.irejournals.com/formatedpaper/1701976.pdf},
      abstract = {The issue of providing adequate financial support to Small and Micro-Enterprises in poor and Developing Counties today has become very eminent in view of the potential that the Small and Micro-Enterprises sector holds in transforming the lives of the poor in society and the economy as a whole and the topic is currently discussed and debated worldwide. Although it has been established that the Small and Micro-Enterprises are the engine of growth for developing countries, the sector is beset with so many problems that hinders its efficient growth.The importance of this study relates to its contribution to the continued search for, and the debate on, the best ways of financing small and micro enterprises in Ghana, and in the developing world as a whole.The study focused on the identification and analysis of problems and challenges of microfinance development in Ghana. The study revealed that the major challenges facing the development of microfinance are funding, expansion, high cost of operation, IT infrastructure, government support, experienced management, the caliber of clients, and building the needed private support. It was realized that a solution to the funding problems of MFIs will see the industry fulfilling its vision of being the engine of growth of industries and alleviation of poverty.},
      month = {March},
  }