Wisconsin Microfinance’s New Program in Ghana

July 26, 2022

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 operating with We R uS, a US primarily based non-profit that serves conventional villages in Ghana.  Ghana is positioned at the west coast of Africa, between Togo and Cote d’Ivoire. Whilst Ghana does generate wealth from its sources, it has struggled to offer alternatives for rural electorate. 

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

Whilst Ghana is thought of as to be a few of the least evolved nations on the planet, it’s rated as one of the crucial quickest rising economies in Africa. Alternatively, 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 are living within the north. This displays inequalities with reference to source of revenue in addition to get admission to to training and healthcare.

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