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The Impacts Of A Microfinance Lending Scheme On Clients In Ghana

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  • Paul A. Onyina
  • Sean Turnell

Abstract

Owning to the success of the Grameen Bank and other microfinance institutions in recent years, microfinance institutions’ role as a potential policy tool in poverty alleviation has received considerable attention. Empirical evidence from existing research shows some positive results in poverty reduction from some microfinance programs. This paper adds to existing literature on the industry by evaluating the effects of microfinance on clients who have received loans from the Sinapi Aba Trust of Ghana. Our data show that earlier clients in the program received greater impacts and are more empowered from the program than new clients, even though the latter on average receive larger volumes of credit. We construct empowerment indicators, finding that years of membership duration with the SAT lending scheme matters in empowering clients. The results show that old clients are more likely to purchase assets, expand their businesses, and spend larger amounts on their children’s education than new clients.

Suggested Citation

  • Paul A. Onyina & Sean Turnell, 2013. "The Impacts Of A Microfinance Lending Scheme On Clients In Ghana," Accounting & Taxation, The Institute for Business and Finance Research, vol. 5(2), pages 79-88.
  • Handle: RePEc:ibf:acttax:v:5:y:2013:i:2:p:79-88
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    Cited by:

    1. Frederick Murdoch Quaye & Valentina Hartarska, 2016. "Investment Impact of Microfinance Credit in Ghana," International Journal of Economics and Finance, Canadian Center of Science and Education, vol. 8(3), pages 137-150, March.
    2. Parveneh Shahnoori & Glenn P. Jenkins, 2015. "Value of E-Banking to Small and Medium-Sized Enterprises," Development Discussion Papers 2015-09, JDI Executive Programs.

    More about this item

    Keywords

    MFIs; Credit; Impact; Assets; Income;

    JEL classification:

    • G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors
    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance

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