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An Evaluation of the Operations of Micro-credit Schemes in Poverty Alleviation of the Rural People in Northern Ghana -...
ISSN: 2026 - 6480
Publisher: author
An Evaluation of the Operations of Micro-credit Schemes in Poverty Alleviation of the Rural People in Northern Ghana -...
Indexed in
Business and Management
ARTICLE-FACTOR
1.3
Article Basics Score: 2
Article Transparency Score: 2
Article Operation Score: 2
Article Articles Score: 3
Article Accessibility Score: 2
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International Category Code (ICC):
ICC-0502
Publisher: Koforidua Technical University
International Journal Address (IAA):
IAA.ZONE/2026394326480
eISSN
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2026 - 6480
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Abstract
The purpose of the study was to examine the sustainability of poverty alleviation activities, utilisation of the funds, the adequacy of credit given to the beneficiaries, level of savings and the degree of attention given to non-income-related issues. The study used questionnaires to capture responses of beneficiaries of the Ghanaian Danish Community Programme (GDCP) Micro-credit scheme as well as secondary data from the annual financial reports and statements of the scheme. The data were analysed with the ratios of the interest income to operational cost, operational cost to loans disbursement to arrive at operational sustainability and cost of money lent respectively. Tables and charts were used to provide the pictorial analysis of the interest income and the operational cost. The study revealed that the schemes were on course to sustainability but were characterized by high operational costs because of the nature of their activitie...
