Entrepreneurs in developing nations, like Ghana, face a difficult problem: With average microfinance interest rates upwards of 40% or more, the high cost of financial services for the poor keeps them from growing their earnings enough to improve their families’ standards of living.
Fortunately, Ghana borrowers can heave a sigh of relief with the arrival of the Zidisha in Ghana. This brings onboard a global community of lenders who are supporting microfinance through social investments in an entrepreneur, and fighting poverty in that entrepreneur’s family and community.
The Ghana expansion of Zidisha has been made possible through a year long preparatory work involving a joint team comprising personnel from Zidisha and the Association of African Entrepreneurs. Applications are now accepted through the web platform, www.zidisha.org. Successful borrowers would have their loans disbursed throug MTN’s Mobile Wallet platform.
Learn more and borrow through Zidisha
The month of May marks a bitter –sweet period in the history of the people of Ada, in the Dangme East District of the Greater Accra Region of Ghana. Margaret Kuwornu, a pregnant woman was gunned down during a police raid. Community members in Ada have traditionally made their living by salt winning (collecting and processing) and fishing from the Songor Lagoon, when salt water from the ocean meets fresh water from the Volta River. The history of the communities around the lagoon is a long one and contains questions of land tenancy, tribal rights, national and privatized natural resources, violent conflict, political, and an ongoing drive toward freedom and empowerment. Continue reading
AAE partners Wishes Alliance, a Ghana based NGO for the purpose of building stronger ties and advancing the growth of Ghana’s civil society industry.
Wishes Alliance was founded in 2010 to confront the global challenges that impede the provision of aid. We are a platform that connects NGOs, volunteers and other stakeholders in our network, to establish successful partnerships and embark on fully integrated humanitarian projects. We are a resource centre promoting opportunities, events and sharing knowledge and experiences. Our main focus is strengthening collaboration among NGOs and Aid Organizations, resulting in effective aid work.