Demand for Microfinance Institution Loan by Women Entrepreneurs in selected Markets in Ghana

Authors

  • Raymond K. Dziwornu University of Professional Studies
  • Kingsley K. Anagba University of Professional Studies

DOI:

https://doi.org/10.33423/jabe.v20i4.353

Keywords:

Business, Economics, Finance, Ghana

Abstract

This study explored factors driving the demand for Micro-Finance Institution (MFI) loan by women entrepreneurs in selected markets in Ghana, using robust regression model. Structured questionnaire was used to collect data from 300 purposively selected women. The average loan demanded by the women from MFIs was GH¢4139.50, representing 92 percent of total amount needed. Proximity to MFIs, flexibility in loan repayment and time-lag are the main factors driving the demand for MFI loan by market women in the study area. MFIs should provide timely, tailor-made loans with flexible repayment plans to the doors of their customers to increase loan demand.

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Published

2018-08-01

How to Cite

Dziwornu, R. K., & Anagba, K. K. (2018). Demand for Microfinance Institution Loan by Women Entrepreneurs in selected Markets in Ghana. Journal of Applied Business and Economics, 20(4). https://doi.org/10.33423/jabe.v20i4.353

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Articles