The Socio-Economic Impact Of Micro Credit On Beneficiaries Of Techiman Municipality: A Case Study Of The Opportunity International Savings And Loans Limited

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ABSTRACT

The role of Microcredit institutions in poverty reduction in developing economies has been increasingly realized over the years. This study examines the socio-economic impact of microcredit on beneficiaries of Techiman Municipality. It was noted that majority of respondents have agreed on the definition of microcredit as "A broad term that includes deposits, loans, payment services and insurance to the poor" . Again an interesting thing to note is that, during the focus group discussions it was realized that, many of them perceive microcredit to mean "Giving of assistance in the form of loans and capacity building in other to develop individual existing businesses and repay within the stated time of agreement" 

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