These fiancial institutions should check and enforce strict measures to make sure the people they deal with have good credit history. They shopuld perform credit checks and such amount should be secured with collateral. Other ... read full comment
These fiancial institutions should check and enforce strict measures to make sure the people they deal with have good credit history. They shopuld perform credit checks and such amount should be secured with collateral. Otherwise, be expecting problems like these when issuing unsecured loans.
JB Ansong 10 years ago
Analyst,
In Europe, US and advance countries, it is easy to check such credir history but in Ghana this is not possible for so many reasons, including lack of unique citizen identification, viable address system, easy acce ... read full comment
Analyst,
In Europe, US and advance countries, it is easy to check such credir history but in Ghana this is not possible for so many reasons, including lack of unique citizen identification, viable address system, easy accessibiliyt to Ghana passport (so that some people have up to 6 passports).
I suggest that instead of accepting cheques, creditors MUST be direct debited from their banks so that due amounts are directly booked. I do not understand why they still use cheques in Ghana, when the issuing bank can transfer direct to the receiving bank.
Yolanda 10 years ago
The purpose of microfinance/microcredit institutions to give access to those who are unable to secure credit from traditional lenders, i.e. banks, credit unions, etc. Therefore, if they begin to request collateral and credit ... read full comment
The purpose of microfinance/microcredit institutions to give access to those who are unable to secure credit from traditional lenders, i.e. banks, credit unions, etc. Therefore, if they begin to request collateral and credit checks, microfinance institutions would be failing to fulfill the purpose for which they were created. Look into the Graeme Bank (Bangladesh) for information on the origins of microlending.
Yen Pe Saa 10 years ago
Get abreast with microlending/microfinance! You miss the point completely -
Get abreast with microlending/microfinance! You miss the point completely -
ROMANO 10 years ago
WISE-TALK MOTHER BE THAT.
WISE-TALK MOTHER BE THAT.
samo jewellery 10 years ago
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GOLD RINGS SHOULD NOT COST YOU A FORTUNE.IF U NEED GOLD RINGS FOR YOUR WEDDING AND ENGAGEMENT SEARCH SAMO JEWELLERY ON FACEBOOK OR WHATSAPP ME ON 0244717600 and call me on 0574 913521 For latest pictures on your fon....take advantage cos gold prices are down to get your rings in time.......we are located in kumasi airport roundabout but have reps in accra to assist you...just call and lets start from der
NYARKO U.S.A. 10 years ago
THIS WOMAN SHOULD BE LOCKED UP WITHOUT BAIL UNTIL THE LAON GIVEN HER BE PAID IN FULL.
SHE IS NOT ALONE GHANAIAN WOMEN ARE THIEVES, CRIMINALS, DECEITFUL,LIARS AND CON WOMEN.
BEWARE OVERSEAS BUSINESS PEOPLE OF THOSE FRIGHFUL ... read full comment
THIS WOMAN SHOULD BE LOCKED UP WITHOUT BAIL UNTIL THE LAON GIVEN HER BE PAID IN FULL.
SHE IS NOT ALONE GHANAIAN WOMEN ARE THIEVES, CRIMINALS, DECEITFUL,LIARS AND CON WOMEN.
BEWARE OVERSEAS BUSINESS PEOPLE OF THOSE FRIGHFUL GHANAIAN WOMEM WHO TARGETS MOSTLY GHANAIANS ABROAD AS THEIR EASY TARGETS TO WIPE US OUT OF OUR HARD EARNED SAVINGS.
THERE ARE THOUSANDS OF THOSE KIND OF CROOKED WOMEN SO CALLED BUSINESS WOMEN OUT THERE WHO ALREADY ROBBED OTHER PEOPLE CHANGED THEIR NAMES WALKING AROUND UNDETECTED.
Ghanani 10 years ago
The owners of that particular Micro-Finance should sack all those in the Credit unit. How can they accept 7 Cheques with the SAME numbers & cldn't determine the fraud? The woman used the money to campaign & she has lost big t ... read full comment
The owners of that particular Micro-Finance should sack all those in the Credit unit. How can they accept 7 Cheques with the SAME numbers & cldn't determine the fraud? The woman used the money to campaign & she has lost big time. Hehe
RUSH 10 years ago
What do mean by same number is a fraud Ghanani? The supreme court even had rule that same number is insignificant in Ghana. The Lawyers of this lady will defense the case base on this.
What do mean by same number is a fraud Ghanani? The supreme court even had rule that same number is insignificant in Ghana. The Lawyers of this lady will defense the case base on this.
KWASI 10 years ago
That is true rush
That is true rush
American D 10 years ago
IF this is a microlending company, paying back GHC in 8 months is a very short time.As the monthly payments would be quite high GHC 3000 per month. The term should be more like 18 months. Something is not right here.
IF this is a microlending company, paying back GHC in 8 months is a very short time.As the monthly payments would be quite high GHC 3000 per month. The term should be more like 18 months. Something is not right here.
These fiancial institutions should check and enforce strict measures to make sure the people they deal with have good credit history. They shopuld perform credit checks and such amount should be secured with collateral. Other ...
read full comment
Analyst,
In Europe, US and advance countries, it is easy to check such credir history but in Ghana this is not possible for so many reasons, including lack of unique citizen identification, viable address system, easy acce ...
read full comment
The purpose of microfinance/microcredit institutions to give access to those who are unable to secure credit from traditional lenders, i.e. banks, credit unions, etc. Therefore, if they begin to request collateral and credit ...
read full comment
Get abreast with microlending/microfinance! You miss the point completely -
WISE-TALK MOTHER BE THAT.
GOLD RINGS SHOULD NOT COST YOU A FORTUNE.IF U NEED GOLD RINGS FOR YOUR WEDDING AND ENGAGEMENT SEARCH SAMO JEWELLERY ON FACEBOOK OR WHATSAPP ME ON 0244717600 and call me on 0574 913521 For latest pictures on your fon....take ...
read full comment
THIS WOMAN SHOULD BE LOCKED UP WITHOUT BAIL UNTIL THE LAON GIVEN HER BE PAID IN FULL.
SHE IS NOT ALONE GHANAIAN WOMEN ARE THIEVES, CRIMINALS, DECEITFUL,LIARS AND CON WOMEN.
BEWARE OVERSEAS BUSINESS PEOPLE OF THOSE FRIGHFUL ...
read full comment
The owners of that particular Micro-Finance should sack all those in the Credit unit. How can they accept 7 Cheques with the SAME numbers & cldn't determine the fraud? The woman used the money to campaign & she has lost big t ...
read full comment
What do mean by same number is a fraud Ghanani? The supreme court even had rule that same number is insignificant in Ghana. The Lawyers of this lady will defense the case base on this.
That is true rush
IF this is a microlending company, paying back GHC in 8 months is a very short time.As the monthly payments would be quite high GHC 3000 per month. The term should be more like 18 months. Something is not right here.
she should be put in a males' cells for a day