Microfinance and the Socio-economic Wellbeing of Women Entrepreneurs in Ghana


  • Smile Dzisi School of Business and Management Studies, Koforidua Polytechnic, Ghana,West Africa
  • Francis Obeng JMB Consult, P.O.Box SU 211, Suhum,Koforidua, Ghana, West Africa




Micro financing, SMEs, Women Entrepreneurs, Socio-economic wellbeing, poverty reduction, Ghana.



Microfinance has been touted as a means of improving the lives of the poor and the provision of funds for business enterprises. This study examines the impact of microfinance on the socio-economic lives of women entrepreneurs in Ghana. Using Ghana as the study area, this  paper provides valuable insights into micro financing in a developing economy context.

A multi-method approach was used in data collection and analysis. Eight hundred and forty (840) women beneficiaries of microfinance loans were surveyed; and interviews conducted with 35 of them. The overall results suggest that the women’s enterprises have expanded while their socio-economic status have improved tremendously after taking the loans. It is however recommended that microfinance institutions provide education in finance management for their clients, since only few of them undertakes such an exercise.

Author Biographies

  • Smile Dzisi, School of Business and Management Studies, Koforidua Polytechnic, Ghana,West Africa
    Senior Lecturer, School of Business and Management Studies
  • Francis Obeng, JMB Consult, P.O.Box SU 211, Suhum,Koforidua, Ghana, West Africa
    Research Fellow, Research department


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