Wisconsin Microfinance’s New Program in Ghana

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Wisconsin Microfinance’s New Program in Ghana


July 26, 2022

Graduating the Ultra Poor in Ghana | Innovations for Poverty Action

Wisconsin Microfinance is proud to announce that we’ve got introduced our first mortgage program at the African continent.  We will be able to be running with We R uS, a US primarily based non-profit that serves conventional villages in Ghana.  Ghana is located at the west coast of Africa, between Togo and Cote d’Ivoire. Whilst Ghana does generate wealth from its assets, it has struggled to offer alternatives for rural voters. 

 

Ghana Poverty and Inequality Analysis | UNICEF Ghana

Greater than 3.4 million voters of Ghana are categorised as dwelling in excessive poverty in 2021. Those other folks live to tell the tale not up to $2 U.S. greenbacks an afternoon. Poverty stays particularly pervasive within the rural northern area, which is vulnerable to droughts and floods and has much less get entry to to transportation, markets, and fertile farming land. 

Ghana's poverty rate drops 23% in 27 years | Wundef.com

Whilst Ghana is regarded as to be some of the least evolved nations on the earth, it’s rated as one of the most quickest rising economies in Africa. Then again, inequality remains to be a significant problem. The northern a part of the rustic is significantly marginalized, which sadly correlates with the truth that maximum Muslims reside within the north. This displays inequalities with reference to source of revenue in addition to get entry to to schooling and healthcare.

In recent times, the rustic has suffered from a depreciating foreign money and a big nationwide debt. To the level that loans are to be had in any respect within the rural spaces, they’re presented at charges from 10 – 15%/month.  A loss of give a boost to for Ghana’s rural spaces has led to a rising cycle of poverty, with too many of us in Ghana trapped via their loss of get entry to to capital.  That’s the place Wisconsin Microfinance is available in: via offering get entry to to capital for those hardworking other folks, we will lend a hand them, mortgage via mortgage, to take duty for making improvements to their lives. We’re excited to paintings with We R uS as they give a boost to and supply get entry to to capital to standard villagers. To donate to this or some other one among our methods, consult with www.wisconsinmicrofinance.com/takeaction/donate/ nowadays! 

Child Labor in Ghana and The Harsh Realities of Lake Volta - BORGEN

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