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You have been invited by a church in your neighborhood to do presentation as part of...

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.

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Answer #1

Various types of microfinance services which are available in Ghana are as follows-

A. Agricultural loans-this type of micro financial services focused at offering support to the agricultural sector of the economy by offering agricultural loans at a lower rates

B. Energy loans-these types of loans are also offered by the the microfinance business in order to help clients purchase electricity

C.individual business loans are also been provided by the various styles of microfinance business in order to help the budding individuals to set up their business and startups at a lower rate of interest.

D. Insurance loans are also offered by the micro financial businesses in order to help the individual to undertake majority of the insurance services in order to help them secure from any uncertainty.

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