Setting Up a Microfinance Business in Ghana

by Willie
(Ghana)

I want to set up a microfinance business in Ghana but don't have the funding so i need you to help me develop a proposal and business plan which will get me the funding. Can you also link me up with any investor or investors who will be interested? I will really appreciate this.

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Setting Up a Microfinance Business in Ghana

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Jul 24, 2010

Setting Up a Microfinance Business in Ghana
by: Gab, London

ALERT: BUSINESS PLAN MASTER DOES NOT KNOW, AND DOES NOT ENDORSE ANY INVESTOR POSTING HERE. PLEASE PROCEED WITH CAUTION.

Hi Willie,

Thanks, you have raised an issue that l have been battling with myself for some time now.I am Ghanaian resident in the UK and have always wanted to set up microfinance business in Ghana. In my case the funds is not the problem but how to go about it as whole has been the challange. Therefore l will be more than happy if we can engage in a serious communication on our plans and offers.

Many thanks and feel free to contact via; gabamo2000@googlemail.com

Jun 06, 2010

PARTNERSHIP
by: Anonymous

ALERT: BUSINESS PLAN MASTER DOES NOT KNOW, AND DOES NOT ENDORSE ANY INVESTOR POSTING HERE. PLEASE PROCEED WITH CAUTION.

I have started a micro finance business but my funs are very limited, so i need a partner. an interested person contact me on +233248277305 begin_of_the_skype_highlighting +233248277305 end_of_the_skype_highlighting

May 20, 2010

Investors Needed for Microfinance Company
by: Anonymous

ALERT: BUSINESS PLAN MASTER DOES NOT KNOW, AND DOES NOT ENDORSE ANY INVESTOR POSTING HERE. PLEASE PROCEED WITH CAUTION.

i have started a micro finance company in the cocoa growing areas in ghana and need investors to help grow our capital. contact +233-24-3217553 begin_of_the_skype_highlighting +233-24-3217553 end_of_the_skype_highlighting

Apr 28, 2010

Proliferation of Micro Financing Companies In Ghana
by: Kwesi Buhii

With the increasing numbers of microfinancing companies in our localities, may i humble know the following;
1. Does Bank of Ghana give them a license like the banks
2. who regulates thier susu colection and micro loans given to thier clients
3.who controls the interest rates which are charged minimum from 30% to 60% per MONTH and not per Annum.
4 what is the protection for depositors for all the schemes in place/
5 do they prepare any returns on loans given, income earned,any minum capital required to be loadged with a bankt mandatory ets

we all saw the growth of R5 and its demise and the hughe loss faced by depositors.

Note from Business Plan Master
Kwesi,
You raise some very valid questions. We are based in California and don't have direct access to these agencies, nor any means of judging them if we did have access to them. Since you are located in that region, try calling one or two of the microfinance companies and ask them these questions directly. Ask them which agency regulates them. Then contact that agency and try to determine what sort of regulation it is.

If you would like to write an article about your finding, we will be glad to post it on this site so that others can benefit from it too. Go to http://www.businessplanmaster.com/articles_for_small_business.html and submit any article that you have.

Thank you for raising this issue -- it is an important one.

CJ and the Business Plan Master Team

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Apr 28, 2010
Rating

Submitted by: Kwesi Buhii

Title

Comment
With the increasing numbers of microfinancing companies in our localities, may i humble know the following; 1. Does Bank of Ghana give them a license like the banks 2. who regulates thier susu colection and micro loans given to thier clients 3.who controls the interest rates which are charged minimum from 30% to 60% per MONTH and not per Annum. 4 what is the protection for depositors for all the schemes in place/ 5 do they prepare any returns on loans given, income earned,any minum capital required to be loadged with a bankt mandatory ets we all saw the growth of R5 and its demise and the hughe loss faced by depositors. <span style="color:green">Note from Business Plan Master</span> Kwesi, You raise some very valid questions. We are based in California and don't have direct access to these agencies, nor any means of judging them if we did have access to them. Since you are located in that region, try calling one or two of the microfinance companies and ask them these questions directly. Ask them which agency regulates them. Then contact that agency and try to determine what sort of regulation it is. If you would like to write an article about your finding, we will be glad to post it on this site so that others can benefit from it too. Go to http://www.businessplanmaster.com/articles_for_small_business.html and submit any article that you have. Thank you for raising this issue -- it is an important one. CJ and the Business Plan Master Team

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Apr 21, 2010

Need funding
by: Harry

i have already set up a micro-finance company which is operating well and want an additional funding to meet demand.

Thank you.

tell: 027-78973667

Mar 13, 2010

Microfinance - Needs Investors Too
by: Anonymous

I have a registered micro finance company already doing very well. Our default rate after one year operation is zero and currently have an asset size of about GHÂ¢1 million. However the source of our lending funds is very limited since we do not take deposits from the public and potential investors in our business are welcome.

Dec 14, 2009

Microfinance
by: Anonymous

I want to start a microfinance in Liberia. I have a beginning capital. How do i get started

Note:
Please see the note about Kiva, below. this is an excellent organization that can help you get started with your microfinance investment. If you have larger sums of money, also contact the the Grameen Foundation. One of those two organizations would, I am certain, be glad to help you get started.

Microfinance organizations can be difficult to manage. It takes times and dedication to identify and work with the entrepreneurs who will benefit most from your assistance. Both Kiva and the Grameen Foundation have worked through the process. If either of them is willing to share their experience and knowledge with you, you will be far, far ahead of the learning curve.

We do wish you every success in your endeavor.

Oct 27, 2009

AM AN INVESTOR
by: Mike

i have some funds and am looking for good plans to invest in so if u are interested just post your plan here with your mail and mobile, i will call when am interested...

Oct 17, 2009

Business expansion in Ghana
by: Rex

I have established my business where i produce crucibles for some of the mining laboratories like SGS in Tarkwa. I also produce fired clay tiles for cladding. The cottage factory is based in my family house.I want an investor in other to expand my production line. I have the market but limited in resources to meet the demand of the market. I am not interested in bank loans because the Ghanaian banking system only supports "buying and selling". they are not interested in production oriented businesses. I understand them because they are there to make profit; But it doesn't help a developing country like Ghana who should be concerned with industrialization. How do i get an investor?

Thank you.

Sep 18, 2009

Want Funds From Donors - School
by: mike, knust

I have a Junior High School at Adansi-North District which I want philanthropist, NGOs and donors with good will to help expand the school. Can you help by linking me to some of these people being international or local? This is my email- maduseinsowah [at] yahoo.com and my nombeer is 0265364028

Jul 31, 2009

Microfinance in Ghana
by: Jon, Business Plan Specialist

Willie, if I were you, I would contact Kiva and the Grameen Foundation . Both organizations provide microfinancing for the African continent. While they likely cannot invest in you directly, they will probably be able to provide lots of background help, help you set up policies and procedures, and may even be able to point you in the right direction for funding. Microfinance is a very specialized area, not one that most investors are familiar with. It has, I believe, enjoyed more success than traditional lending and has a very promising future throughout the world.

Best of luck with your project!