Microfinance is a banking service provided to unemployed or low-income individuals or groups who otherwise would have no other access to financial services. Microfinance allows people to take on reasonable small business loans safely, and in a manner that is consistent with ethical lending practices.
Below are the Accredited Microfinance Banks In Ghana
What is the minimum capital requirement for microfinance in Ghana?
GH¢2,000,000All Tier 2 and 3 entities (comprising microfinance companies and moneylending companies) excluding FNGOs shall require not less than GH¢2,000,000 [Two million Ghana Cedis only] as minimum paid capital.
How can I apply for microfinance?
Register a Company.
Raise Authorised and paid-up capital to Rs.
Deposit Rs.
Get all the certified copies and complete the other RBI formalities.
Fill online application.
Submit the hard copy of the application to the Regional Office of the RBI.