In order to eliminate poverty in Ghana, this chapter provides empirical evidence on how microfinance services help to the development of human capital. Microfinance organisations provide services that help beneficiaries increase their incomes and consumption levels while also reducing income inequality. Microfinance institutions provide chances for investment in the development of human and social capital assets through their services. In 2012, data was collected from 361 Sinapi Aba Trust (SAT) microfinance recipients using a cross-sectional strategy that included both quantitative and qualitative instruments. Microfinance programmes enabled clients to increase their human capital assets, according to the findings. It was also revealed that, in addition to loan disbursement, SAT contained education programmes that helped beneficiaries improve their outlook. It was acknowledged that SAT services provided training for creating awareness and sensitization through seminars to enlighten beneficiaries about current concerns that were development oriented for beneficiaries and their families. The research Others suggested that the government, sponsors, and management of microfinance institutions work together to mobilise resources for beneficiaries' human capital development.
Author (s) Details
Ernestina Fredua Antoh
Bureau of Integrated Rural Development (BIRD), Kwame Nkrumah University of Science and Technology (KNUST), PMB UPO Kumasi, Ghana.
John Victor Mensah
Institute for Development Studies Development (IDS), University of Cape Coast (UCC), Ghana.
Sampson Enyin Edusah
Bureau of Integrated Rural Development (BIRD), Kwame Nkrumah University of Science and Technology (KNUST), PMB UPO Kumasi, Ghana.
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