Role of microfinance in poverty reduction in the Ashaiman Municipality, Ghana

Abstract

The worldwide globule in poverty is not spatially evenly distributed, particularly, in the Ashaiman Municipality of Ghana. With the advent of microfinance, it was perceived as a magic bullet to poverty reduction; yet, studies on its impact on poverty have been inconclusive motivating the assessment of microfinance's role on poverty reduction. The after only study strategy of enquiry guided the study while the sample was 265 from which data were collected using a questionnaire as well as interview and observation guides. Descriptive statistics, parametric and non-parametric methods were applied to the quantitative data whereas thematic