Abstract:
The roles played by rural and community banks in Ghana cannot be overemphasized. The objective is to investigate loan administration and default in rural banks using Atwima Kwanwoma rural bank as a case study. Loan default is the failure of an applicant to fulfil his/her obligation with respect to repayment of outstanding loan. Loan default lowest the financial capacity of the agency to fulfil its promise to other applicants.
Description:
In most developing countries like Ghana, rural communities are faced with poverty, low savings, inadequate credit facilities, transfer disorders and other financial services which ensure economic growth and stability. Due to these, the people are affected with poor health, low income, high unemployment and social neglect. This has affected the development of rural communities.
