You have been invited by a church in your neighborhood to do presentation as part of their financial literacy programme on the microfinance services in the Ghanaian financial sector. Discuss the four (4) main microfinance services available to clients in Ghana.

You have been invited by a church in your neighborhood to do presentation as part of their financial literacy programme on the microfinance services in the Ghanaian financial sector. Discuss the four (4) main microfinance services available to clients in Ghana.

Pfin (with Mindtap, 1 Term Printed Access Card) (mindtap Course List)

7th Edition

ISBN:9780357033609

Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk

Publisher:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk

Chapter4: Managing Your Cash And Savings

Section: Chapter Questions

Problem 2FPE

See similar textbooks

Related questions

Q: Explain the terms ‘invoice discounting’ and ‘factoring’ and the advantages of these services to the…

A: answer are as follows

Q: how we can help you provide financial relief and help you continue your education

A: SOLUTION 1-MANY SCHOLARSHIPS AND COLLEGE FINANCIAL AIDS GRANTS ARE NEEDS BASED . MEANING THEY ARE…

Q: to Jamaica, discuss the roles, functions and powers of the Office of the Auditor General in carry…

A: Auditing refers to the concept of evaluating and checking all the desired transactions mentioned in…

Q: In this semester, we study how funds flow in the financial system. Please explain with examples what…

A: A financial system is a collection of global, regional, or firm-specific institutions and practices…

Q: Which of the following types of student loan does the school lend directly to the student based on…

A: Perkins Loans are low-interest student loans given for undergraduate and graduate students on an…

Q: Rihanna’s nonprofit pledged $5 million to address the needs of families impacted by the pandemic,…

A: Rihanana is a well-known American singer, actress, designer and entrepreneur. She founded the…

Q: A Not for profit Organization (NPO) wants to create a sample of financially backward girl students…

A: Probability sampling uses statistical theory to randomly select a small group of people sample from…

Q: Describe why being thoughtful to your person finances is an integral part of life as you come into…

A: The term personal finance refers to the process of managing money by an individual. It involves the…

Q: We've learned that the government provides certain credits to taxpayers. Please research the…

A: 1. Earned Income Credit Answer : The earned income credit (EIC) is a United States tax credit that…

Q: Define the term “social capital.” Discuss the concept of social capital as it relates to the purpose…

A: Answer: Positive product of human activity is considered as a social capital. The beneficial impact…

Q: Give examples of the sorts of constraints donors may place on how NGOs utilize the resources they…

A: Restricted contributions are contributions made to a not-for-profit organization by a donor who…

Q: The major supplier of funds for investment in the whole economy is Group of answer choices…

A: An economy is the large set of inter-related production and consumption activities.

Q: In the loan fund of a private or public college, each of the following types of loans would be found…

Q: create a sample of financially backward girl students who are unable to continue their higher…

A: The question is related Sampling method. The details steps followed are given.

Q: The Village of Rebecca receives photocopy services from its central copy center operation. Which…

A: Funds of an entity can be of many types which are divided for different purposes. The activities…

Q: Which of the following statements would be part of a vision statement? Company XYZ is a globally…

A: Following are the characteristics of an effective vision statement: It stipulates the targeted…

Q: Amazon's Housing Equity Fund is supporting the construction of housing for low to moderate-income…

A: As per press reports the Amazon Housing Equity Fund is mainly focused in Washington State’s Puget…

Q: Pacific Bank provides loans to businesses in the community through its Commercial Lending…

A: Response to the change in policy:An internal auditor needs to discourage the change in policy.

Q: What types of community funding may be available to Melanie if she decides to open the center?

A: The question demands for type of funding for NON PROFIT purpose

Q: his Ponzi scheme, what did Abraham Kennard use to lure his victims? Group of answer choices A. Loans…

A: Ponzi schemes are run by the many peoples to make frauds and cheat the investors by making…

Q: Consider the following cases, each of which is a consulting client: 1. Performance Bicycles, a…

A: Competitive strategy is defined as the strategy which every business makes in order to meet the…

Q: Write a detailed report covering the following topics: 1. ACCOUNTING FOR COLLEGES AND UNIVERSITIES…

A: ----> Most of the colleges are classified as non-profit organization. Accounting for non-profit…

Q: 7. It was established to provide a national savings program and affordable shelter financing for the…

A: Tax is a charge which is charged on the taxpayer’s taxable income. It is the tax amount by which…

Q: A Not for profit Organization (NPO) wants to create a sample of financially backward girl students…

A: 1. (B) cluster sampling…

Q: What is the most common source of funding for entrepreneurs? Multiple Choice personal savings and…

A: Hi student Since there are multiple questions, we will answer only first question.

Q: Identify the following if it is an example of COMMERCIAL BANK, THRIFT BANK, GOVERNMENT BANK, PRIVATE…

A: Banks is referred as the financial institution, which helps in accepting the deposits from public as…

Q: a. Explain the difference between equity and efficiency. b. Critically discuss the principles of…

A: a) Equity Vs Efficiency Any company or country would be proud to uphold the values of efficiency…

Q: Charity Navigator (https://www.charitynavigator.org) is a website dedicated to providing information…

A: Charitable organizations are those that perform activities to support a charitable cause, these…

Q: In what way you can be an advocate to help others be aware of the plight of the workers both from…

A: The answer is stated below:

Q: Explain the reason why the Employee Provident Fund (EPF) is known as a financial intermediary in…

A: EPF is financial organisation which manages retirement and savings needs of employees in private…

Q: are typically more willing to engage in lending than Select one: O a. Fixed-fund associations;…

A: The primary objective of the organizations given in the options are lending and saving for the…

Q: 1. What do you think is the effect of COVID19 pandemic to persons and businesses in the Philippines?…

A: “Since you have posted multiple questions, we will solve first question for you. If you want any…

Q: Static Budget Actual Results New loans originated 8,000 11,040 Average amount of loan 2$ 152,000…

A: Budgeting is an important part of the business process. Without budgeting a business cannot track…

Q: When it comes to a non-profit homeless shelter, what system works best for you

A: This question says about how can you choose the most exemplary system for a non-profit homeless…

Q: Suppose you were the financial manager of a not-for-profit business (a not-for-profit hospital).…

A: The objectives are many possible and broad some given are below.

Q: Government have been mandating deductions from both employers and employees to fund various social…

A: Employer and employee are mandated by the government to make contribution to various social programs…

Q: Explain the terms ‘invoice discounting’ and ‘factoring’ and the advantages of these services to the…

Q: Assume that you are the financial manager for Healthy Body Hospital and you have been asked to…

A: Capital structure of Debt is 35% Capital structure of Equity is 65% Cost of Equity=13% Cost of…

Q: lp you cont

A: Many scholarships and college financial aid grants are "need-based," meaning they are granted to…

Question

You have been invited by a church in your neighborhood to do presentation as part of their financial literacy programme on the microfinance services in the Ghanaian financial sector.
Discuss the four (4) main microfinance services available to clients in Ghana.

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, finance and related others by exploring similar questions and additional content below.

Similar questions

There is an increasing demand for students’ loans to finance graduate and post-graduate studies to advance their personal and professional development. What four factors should be taken into consideration in designing a loan product that will be viable and profitable for a financial institution that is in Belize and the Bahamas.
Discuss two specific special financial services by Bank to meet the need of small and medium enterprise in Ghana
Discuss two specific financial services provided by banks to meet the need of Small and Medium Enterprise (SME) in Ghana.
what are the funding options/organisations available in Oman for entrepreneurs to get financial support from
There is an increasing demand for students’ loans to finance graduate and post-graduate studies to advance their personal and professional development. What four factors should be taken into consideration in designing a loan product that will be viable and profitable for a financial institution that is located in St. Lucia and Grenada.
Explain the financial intermediation functions of rural and community banks
You were asked to make a presentation to a group of CSEC students on some areas related to non-profit making organisations. The specific areas are: i difference between accounts for non-profit and for-profit organisations 11. examples of non-profit organisations in your country 111. an explanation of the use of a subscription account iv. preparing a subscription account from given data For your presentation, research (i), (ii), (iii) and use the data below to complete (iv). A drama club charges its members an annual subscription of $40 per member. It accrues for subscriptions owing at the end of each year and also adjusts for subscriptions received in advance. i. ii. 111. On January 1, 2022, 36 members owed $720 for the 2021 year In December 2021, 8 members paid $160 for the year 2022 During the year 2022 the club received cash for subscriptions $$14,840 $720 $13840 $280 iv. At the end of December 31, 2022, 11 members had not paid their 2022 subscriptions. For 2021 For 2022 For 2023
Explain the terms ‘invoice discounting’ and ‘factoring’ and the advantages of these services to the businessperson seeking funds. The focus of your response should be within the Caribbean context.
In this semester, we study how funds flow in the financial system. Please explain with examples what can financial system do to help im prove the quality of our lives?
What are the Islamic financial products that the bank Aljazira offers to clients? Quantify each Islamic product in assets/liabilities/equity values. Please answer fast.
o Describe in detail how you are financing your college education. Include sources like scholarships, loans, family contributions, part- time jobs, savings, grants, etc. o How did you secure these financial resources? What challenges did you face in the process?
If a country is asking loans for economic development which of the following agencies will you go to ? (you can choose more than one) IMF World Bank World Trade Organization International Finance Corporation International Development Association Bank of International Settlements