WOMEN ENTREPRENEURS IN THE INFORMAL SECTOR AND INTEREST IN FORMAL INSTITUTIONAL CREDIT
- Business
- Communications
- Employment
- Fair trade
- Financial services and markets
- Income generation
- Microfinance
Example: Walk us through a specific example(s) of how this solution makes a difference; include its primary activities.
Marketplace: Who else is addressing the problem outlined here? How does the proposed project differ from these approaches?
Founding Story
MADONNA AFIBA
DOLPHYNE
madonna.dolphyne
Centralian Consulting Foundation, Takoradi, Ghana
, WE
, WE
More than 5 years
N/A
The information you provide here will be used to fill in any parts of your profile that have been left blank, such as interests, organization information, and website. No contact information will be made public. Please uncheck here if you do not want this to happen..
Operating for more than 5 years
This Project seeks to promote growth and reduce poverty in Ghana amongst rural women, broadening financial mediation in the informal sector by strengthening operational linkages between women and Formal Institutions and Rural Community Banks and building their capacities. The components will focus on strengthening rural women's operational effectiveness; logistics finance technical assistance needed to implement and providing support to the women
Physical and other accessibility obstacles that prevent communities from reaching financial services, The lack of affordable financial products tailored to the needs of underserved and excluded communities,, Powerful incentives for financial service providers to move up-market.
TO ALL RURAL COMMUNITIES IN ALL TEN REGIONS IN GHANA
Yes my solution can work in other geographies or regions because The plausibility of these assumptions is largely borne out by empirical evidence of the positive effects of Lending/Credits on the livelihood of poor women especially in Africa
• A study from Ghana confirms improvements in women’s physical mobility, economic security, ability to make own purchases, freedom from family, domination and violence, political and legal awareness and public participation as a result of a more stable integration into micro finance circuits
Credit to women has positive effects on the schooling of girls, it increases women’s asset holdings and is a significant determinant of total household expenditure
Enhanced women’s empowerment such as increased self-confidence and better cooperation with neighbours has also been observed in Thailand
It seems obvious that the impact of credit services to women to women entrepreneurs in the informal sector in 10 years time will be higher when women actually control the financial resources acquired in their name. Increased control is likely
• To contribute to women’s empowerment
• To facilitate women’s entrepreneurship
• To assist women in their reproductive tasks
• To ease their repayment burden
A “more efficient and continuous supply of financial services that allow women micro entrepreneurs to take advantage of economic opportunities stressing institutional viability
• reducing cost due to increased efficiency in financial technologies
• emphasizing market knowledge which lead to better knowledge of customers characteristics and financial technologies
• using concepts of micro finance which over both the enterprise and household sphere
I will seek to strategically position women to access opportunities and ensures women organizations and networks will become aware of their roles and responsibility better and also work for the realization of goals of the various associations and individual aspirations of their members
The women will acquire skills to enhance their capacity to lobby and network on behalf their members
The women will also acquire skills to enhance their capacity to lobby and network on behalf their member sector and enhance the growth of their institution.
It is widely assumed that Credit or Lending will have a positive impact on women’s livelihoods in leading to higher income that will help women to better perform their reproductive role as
• brokers of health, nutritional and educational status of other household members
• increasing women’s employment in micro enterprises and in improving the productivity of women’s income-generating activities
• enhancing their self-confidence and status within the family as independent producers and providers of valuable ash resources to the household economy
Needs Assessment stage
Its development/Implementation
Monitoring & Evaluation
Conducting a Needs Assessment/Survey
Intervention Area #2: Deepen Outreach to Rural Areas for rural women
Information campaigns, monitoring & Evaluation and Reporting to be done
1. Workshop for women entrepreneurs with turnovers $500,000 to $1 million at the Guest House Maggi, Western Region and trained them in Business Management.
2. Organisational Building, Sensitization and Mobilisation of SMEs on association usefulness, Creation of Sector Associations of ASSI, Establishment of Business Advisory Service, Capacity Building
RURAL SETTING AND MICRO FEMALE ENTREPRENEURS IN GHANA
Overall Goal
To substantially enhance performance of the microfinance in the western region of Ghana sector by establishing a growing, vibrant and sustainable market of microfinance product/ service users, providers, and suppliers of capacity building support for rural women micro entrepreneurs.
1.2. Objectives and outputs
The strategies are recommended with the key objectives of:
(i) Increasing outreach (depth and breadth)
(ii) Increasing product development/ innovation
(iii) Building the internal capacities of MFIs to grow sustainably
(iv) Enhancing the business and financial awareness of the
population
(v) Enhancing beneficial industry cohesion/ collaboration.
(vi) Securing coordinated financial support for the industry.
Unless micro-finance has a strategic vision for poverty elimination it risks being merely a means of shifting the costs of development onto poor people, particularly women.