Sentences with phrase «microfinance companies»

Microfinance companies are organizations that provide small loans and financial services to people with low incomes who may not have access to traditional banking services. These companies aim to empower individuals and alleviate poverty by helping them start or grow small businesses or manage their personal finances. Full definition
DKM leads the tall list of microfinance companies accused of defrauding thousands of customers in several regions, especially in the Brong Ahafo region.
Thousands of customers of DKM Microfinance Company lost their investments, running into millions of cedis, after the owners of the company invested in unapproved ventures and lost their funds.
According to the victims, Alexander Gyan, was once a manager for the God Is Love microfinance company that duped thousands of them in one of Ghana's biggest financial scams.
As part of the ongoing «Operation Calm Life», the government has also said there will be increased surveillance of financial institutions, including banks, forex bureaus and other microfinance companies.
These «evil establishment» became the only known financial hopes of many in the aforementioned region, very effective to the extent of maximizing their customer base for the past five year, in the case of DKM, a sunyani based microfinance company which had been in active business for the past five to six years.
Janalakshmi Financial Services (JFS), Bengaluru - based microfinance company which will morph into a small finance bank (SFB), has raised new equity capital of Rs 1,030 crores.
According to the Islamic microfinance company, Blossom Finance, virtual currencies do qualify as Islamic money, unless it is banned by the local government.
I am long on stock not traded in last 90 days SATIN CREDIT — CASTING AWAY DEMONITISATION DEMONS Satin Creditcare is a large microfinance company providing collateral free, microcredit facilities to economically active women in both rural and semi-urban areas.
The Presidential candidate of the New Patriotic Party, Nana Akufo - Addo will launch an investigation into circumstances surrounding the Diamond Microfinance Company (DKM) scandal if voted to office at the December polls.
Several microfinance companies were in March and April this year shutdown by the regulator while some 30 others have been hauled before the Economic and Organised Crime Office.
Since then, the Andhra Pradesh state assembly passed a law that makes it so difficult to make loans that microfinance companies say they won't be able to do business.
Business microfinance company Kiva has come to the U.S., making it possible for small businesses in America to get help similar to what has been seen in developing countries.
The Sunyani Police Command is in court seeking an order to stop a planned demonstration by aggrieved customers of microfinance company, DKM slated for Saturday, September 17.
The Governor of the Central Bank of Ghana, Dr. Abdul Nashiru Issahaku says forensic audit is still underway to effectively liquidate the assets of the defunct DKM Microfinance Company.
The New Patriotic Party (NPP) in the Brong Ahafo Region, has downplayed concerns by some aggrieved victims of DKM and God Is Love microfinance companies, who want the party to withdraw the nomination of one Alexander Gyan as the District Chief Executive (DCE) for Kintampo South.
Customers of DKM Microfinance and other microfinance companies have since September 2015 been trying unsuccessfully to retrieve their deposits from the company.
The Finance Minister is, therefore, expected to touch on the possible challenges that led to the collapse of the microfinance companies mentioned institutions among others.
Editor - in - chief of the Insight Newspaper says managers of some microfinance companies whose assets have been seized by the Bank of Ghana knew...
Editor - in - chief of the Insight Newspaper says managers of some microfinance companies whose assets have been seized by the Bank of Ghana knew too well that interests they claimed to offer on deposits were impracticable.
National Democratic Congress (NDC) Member of Parliament for Ablekuma Central, Theophilus Tetteh Chaie, is blaming the Governor of Bank of Ghana for the alleged scam perpetrated by DKM Microfinance company and others in some parts of the country.
A rising black hole of state - owned enterprise (SOE) debt, which together with the debts owed by government to the bulk oil distribution companies (BDCs) and the lack of adequate supervision of microfinance companies can potentially collapse the banking system.
Some customers of microfinance company, DKM, have started packing out movable and immovable properties belonging to the company.
December 31, 2010 • Microfinance companies have been accused of predatory lending and collection practices so harsh that they drove some borrowers to suicide.
The company has tied up with more than 2900 banks, financial institutions, telecommunications companies and microfinance companies.
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