No person other than a body corporate, incorporated in ghana, shall be eligible to apply for a. In the year 2012, the mfi was formed to expand its operations in microfinance. The backend has the client management, financial product, portfolio tracking. It is also equipped with apis and development tools for deploying multiple value. Ghanas microfinance industry is more diffused than other markets in the region. The number of concurrent users that need to work with loan performer. Mambu revamps its microfinance software free mambu microfinance software for all the little guys finally, all the small mfis, ngos and microfinance dogooders out there can have access. The aim of this project was to develop initial hypotheses that can be tested in a followup. The association is expecting 100 more to come on board as it begins building the capacity of the companies to meet the requirements. The organisation is also registered with the bank of ghana and is a member, in good standing, of the ghana association of microfinance companies gamc. Contributed paper presented at the joint 3 rd african association of agricultural economists aaae and. This is a very powerful software designed in ghana to help microfinance companies keep records of daily susu and loan transactions. Apr 28, 2011 as the executive secretary of the ghana microfinance institutions network ghamfin, dr david o. We provide skillsbased training programs that are structured to meet the needs of the target.
Find out phone number, email address, website, postal address, alumni and all other details related to total it solutions for microfinance institutions accra. Mifos x is the next generation of the mifos software. The new microfinance handbook fills a critical gap in the current literature on financial inclusion. Fasttrack microfinance ghana provides loans to individuals with little income and with very low repayment costs to manage individual accounts. Fasttrack microfinance ghana believes that the access to basic financial services could pull millions of ghanaians out of poverty and that is why we have voted to lend to individuals and. Microfinance software, cooperative,nbfc software, loan software. Websoftex software solutions private limited, a bangalore based company, an authorized software service provider engaged in microfinance, banking, cooperative, nbfc, pigmy.
Find out phone number, email address, website, postal address, alumni and all other details related to total it. Shg microfinance software in ghana, micro credit software in. In eastern region, we work with a rural bank and the water research institute to startup fish farms and provide farmers with adapted financial services. With stateoftheart technology the microfinance software delivers operational transformation to microfinance organizations of all sizes, by adding high service value and financial regulatory compliance. In an effort to gain competitive advantage, delta microfinance limited has structured and implemented various strategies which ensures. Performance indicators for microfinance institutions. Microfinance software solutions, microfinance management. Ghana microfinance policy ghamp iv abbreviations and acronyms adra adventist relief agency arbapex association of rural banks apex bank ascas accumulating savings. The lack of universally understood indicators in microfinance led microrate, a rating agency specializing in microfinance, to invite the interamerican development bank idb, the. Microcredit is the small loan facility provided to the people with less earning, to motivate them to become selfemployed. Nov 04, 2011 over 60 firms in the northern sector of the country have registered with the ghana association of microfinance companies gamc to play under the bank of ghanas new rules and guidelines.
Microfinance institutions mfis play a pivotal role in the provision of services to. Digital transformation of microfinance and digitization of microfinance services to deepen financial inclusion in africa executive summary digital. Choose new departure dates or change to a different volunteer program at no extra. Introducing smart information systems smart information. Sep 14, 2009 in northern, upper east and upper west regions, we provide capacitybuilding and access to funding to two microcredit associations, grameen ghana gg and maatantudu mta. The solution supports business process integration, singlepoint data control and in depth report analytic. As the executive secretary of the ghana microfinance institutions network ghamfin, dr david o. Easy banking is a powerful gui based application designed to take care of all aspects of your society. Difference between microcredit and microfinance enterslice. Self help group microfinance software ghana is a online web based software built especially for shg microfinance banking with automatic posting of business.
Mambu revamps its microfinance software free mambu microfinance software for all the little guys finally, all the small mfis, ngos and microfinance dogooders out there can have access to technology to manage their clients and portfolios for free. It operates strictly in accordance with laid down rules and. Websoftex software solutions private limited, a bangalore based company, an authorized software service provider engaged in microfinance, banking, cooperative, nbfc, pigmy, mortgage, rd fd, loan software, accounting, ecommerce, billing, and core banking in bangalore with maximum level protection. Actionaid 31st december womens movement citi savings and loans catholic relief services freedom from hunger sasakawa global 2000 womens revolving loan fund cuso world vision womens world banking. In an effort to gain competitive advantage, delta microfinance limited has structured and implemented various strategies which ensures customer satisfaction thereby increasing productivity and also ensuring high profitability and growth for the company. I am particularly pleased with the explicit focus on consumers and their needsthis, together. We provide skillsbased training programs that are structured to meet the needs of the target market. To provide microfinance products and services for the informal sector and smes which lack financial assistance from the formal banking. Microfinance includes microcredit, the provision of small loans to poor clients. The lack of universally understood indicators in microfinance led microrate, a rating agency specializing in microfinance, to invite the interamerican development bank idb, the consultative group to assist the poorest cgap, the united states agency for international development.
Find information on total it solutions for microfinance institutions accra. Masloc disburse 15 motor king to the deputy minister of upper west region for. Policy watchers are still wondering whether to regulate mfis the same traditional banks are regulated or whether there must be a. In its 7th year this year, gitta will recognize organizational performance, products and services, innovations, executives and management teams, women in ict, and successful deployment of csr initiatives. Participate in a microfinance volunteering or internship opportunity in ghana. Medi ghana was established in the year 2006 as a company limited by guarantee and operated as a financial ngo. Over 60 firms in the northern sector of the country have registered with the ghana association of microfinance companies gamc to play under the bank of ghanas new rules. The costs of the loan performer software depends on. Actionaid 31st december womens movement citi savings and loans catholic relief services freedom from hunger. Andah, who wrote the foreword to the book puts it, microfinance and poverty reduction.
Over the years, the microfinance sector has thrived and evolved into its current state thanks to various financial sector policies and programmes undertaken by different governments since independence. Ghana has almost 568 microfinance companies bank of ghana, 2015, categorizing the sector into tier2 for deposit taking and tier3 for nondeposit taking institutions. Aspekt microfinance software is specialized, microfinance sof. This software is currently being used by two major microfinance companies in bibiani in the western region. The experience of ghana is a mustread book for anyone interested in microfinance. Microfinance and small loans centre masloc is a microfinance apex body responsible for implementing the government of ghanas gog microfinance. Websoftex software solution providing most selling and trusted rd fd microfinance software and nbfc software, india most populer rd fd microfinance software. Jan 30, 2017 looking at ghanas microfinance industry from the point of outreach, sustainability and impact, it is easier to conclude that, microfinance in ghana is at a crossroad. Aspekt microfinance software is specialized, financial software with integrated dynamic data collector, tool for vendorindependent, flexible datadefinition and spreadsheets mapping as.
With the help of capterra, learn about cobis microfinance software, its features, pricing information, popular comparisons to other banking systems products and more. To provide microfinance products and services for the informal sector and smes which lack financial assistance from the formal. Free microfinance demo rd fd microfinance software, loan. No person shall carry on microfinance business unless it has obtained from the bank of ghana a license for that purpose. Missing issues and implications for efficient financial system james atta peprah1 and camara kwasi obeng department of.
It reports that its membership consists of 70 regulated and nonregulated microfinance. Microfinance software, cooperative,nbfc software, loan. Member companies offer both lending and deposit products. Feel free to contact our office for any type of loans, support schemes, etc. Glife microfinance limited glife mfl is a member of the ghana association of microfinance gamc, it is registered in ghana as a financial institution and has a key focus to provide micro finance services. Aspekt microfinance software is specialized, financial software with integrated dynamic data collector, tool for vendorindependent, flexible datadefinition and spreadsheets mapping as well as business process modelling tool. No person other than a body corporate, incorporated in ghana, shall be eligible to apply for a licence to carry tier 3 microfinance business.
Glife microfinance limited glife mfl is a member of the ghana association of microfinance gamc, it is registered in ghana as a financial institution and has a key focus to provide micro finance. This article presents the findings from a 5week exploratory research project on microfinance in ghana. Mambu has just launched its revamped community edition which gives an organization of up to 1500 clients, access. Digital transformation of microfinance and digitization of microfinance services to deepen financial inclusion in africa executive summary digital financial services dfs are spearheading greater financial inclusion in subsaharan africa, with 338 million registered accounts in 2017 and a significant. Andah, who wrote the foreword to the book puts it, microfinance and. The ghanaians are the friendliest people in west africa. Redesigned to be a true, fully functional platform for financial inclusion, it builds off the experiences of our legacy codebase, mifos 2.
Ghana micro finance institutions network ghamfin ghamfin was legally registered in august 1998. We hope to be a one stop shop for all your financial. Access to finance international finance corporation. Microfinance software ghana list of ghana microfinance software. The microfinance management software is capable of supporting the integration of third party content. Websoftex microfinance banking software one of the finest and customized software tool for managing your microfinance company of any type. Microfinance initiatives have been improving access to banking services for some of the worlds poorest members of society. It is limited by guarantee and was registered in ghana on the 20th of may, 2011. Baobab microfinance company ltd bmc was incorporated as a limited liability company on 23rd april, 2008 and commenced business on 24th april, 2008 to address the inadequate access to financial services for micro and small scale businesses particularly owned and operated by women in northern ghana. The ngo, however, continues to operate under the name medi ghana outreach. The hunger projects microfinance program addresses a critical missing link for the end of hunger in africa. However, susu, which is one of the microfinance schemes in ghana, is thought to have originated from nigeria and spread to ghana in the early twentieth century. This is a financial service institution established under the laws of ghana. Ifcs microfinance program for africa aims to increase the number of commercially.
Microfinance and ict meet in rural areas, ghana sap blogs. Microfinance refers to the provision of financial services to the poorlow income clients, including, consumers and the self employed ledgerwood, 2000,christen et al 2004 asserted that. Ghana association of microfinance companies training centre. The ghana association of microfinance companies gamc is an association of companies providing microfinance services. O box 6298, oshakati erf 005, agustino neto street oshakati west, namibia. The company intends to create a niche for itself through emphasis on business advisory services as a compliment to the provision of short to medium term loans. The program is currently active in ghana, mozambique, and tanzania.
Fasttrack microfinance ghana believes that the access to basic financial services could pull millions of ghanaians out of poverty and that is why we have voted to lend to individuals and small scale. About jobweb ghana the largest jobs aggregator in ghana now. Total it solutions for microfinance institutions accra details. List of microfinance software companies and services in ghana. Microfinance refers to the number of financial services provided to the small entrepreneurs and enterprises who cannot take shelter of banks for banking and other services. Adaptable microfinance software that provides efficiency in business processes, risks mitigation and operational control.
Aspekt microfinance software i workflow technology for. The electronic microfinance management system mfinance is an application system or software designed for managing all the activities in a micro finance institution which includes. Microfinance programs could play a critical role in helping ebola affected communities in west africa recover and now that sierra leone has lifted its travel restrictions, such programs are. Indeed, the book is a masterpiece that players in the microfinance sector. A list of microfinance institutions, networks and ngos active in ghana.
It reports that its membership consists of 70 regulated and nonregulated microfinance institutions that together are serving over 26,000 clients. Here are the top it companies in ghana gitta 2017 gharage. Microfinance refers to the provision of financial services to the poorlow income clients, including, consumers and the self employed ledgerwood, 2000,christen et al 2004 asserted that microfinance refers to a movement that envisions a world which as many poor and nearpoor households as possible have permanent access to an appropriate range of high quality finance services and the. Missing issues and implications for efficient financial system james atta peprah1 and camara kwasi obeng department of economics university of cape coast. Apr 04, 2018 download mifos microfinance open source for free. Westone microfinance limited aims to become the provider of a broad range of financial services to businesses and other identifiable economic units at the micro to medium scale levels. Development, success factors and challenges irene akuamoah boateng1 albert agyei2 1,2school of business, valley view university, oyibi, accra 1email. Looking at ghanas microfinance industry from the point of outreach, sustainability and impact, it is easier to conclude that, microfinance in ghana is at a crossroad. The ghana information technology and telecom awards was instituted to reward companies and individuals who have excelled in providing it services to ghanaians. Microfinance software provides software for microfinance companies. Member companies offer both lending and deposit products to their clients.
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