Abstract:
In Ghana it is estimated that only 6 percent of the entire population have access to formal financial services. However, recent studies show that access to microfinance contributes to poverty reduction, particularly for women participants, and to overall poverty reduction at the village and community levels. To bring microfinance to the doorsteps of the informal sector, microfinance institutions engaged the services of mobile bankers who mobilize savings on daily basis amidst numerous setbacks. For this reason therefore, the study sort to examine the challenges facing mobile bankers in the discharge of their duties. A descriptive research design was adopted in the conduct of the study
Description:
In Ghana it is estimated that only 6 percent of the entire population have access to formal financial services, with the majority being denied access (Basu et al., 2004). These individuals and enterprises therefore tend to rely largely on informal sources, including relatives, friends, suppliers and money lenders, for their financial needs (Aryeetey, 1994).
