Revolving Fund

Ghana Microfinance Institutions Network (GHAMFIN) together with our development partner (German Sparkassenstiftung Ghana) have instituted a Revolving Credit Fund (RCF) for Microfinance Institutions (MFIs). This RCF is funded by the Federal Ministry for Economic Cooperation and Development of Germany (BMZ).
This fund is to raise additional sources of funding for active members of the MFI associations (Tiers 2, 3 & 4).

Loans of up to GHS 50,000 per institution are available. The resources from the fund are intended to mitigate possible temporary liquidity challenges caused by COVID-19 and to ensure the continuation of lending to clients of MFIs (loans for income generating activities).

Information about fund details, eligibility as well as the description of the application process can be found under the FAQ.


Who is eligible for this facility?

Successful candidates meet the following eligibility criteria:

  • Your MFI is a Tier 2, Tier 3, or Tier 4 institution, and it is duly licensed by the Bank of Ghana and registered with the respective body/apex association.
  • Your MFI complies with the regulatory reporting framework (you are able to provide a copy of the last Prudential Report submitted).
  • You have already taken measures to effectively manage the business challenges caused by the COVID-19 pandemic.
  • Your MFI is an active member in good standing of your apex body (incl. payment of annual membership fees – in case of arrears of membership fees, applications cannot be considered).

What are the terms and conditions of the loan facility?

  1. Maximum amount per borrowing MFI
    • GHS 50,000 (may be limited to the MFI regulations) 2.2 Term and grace period
    • Maximum loan term: 12 months
    • Grace period: on request, maximum 2 months
    • Repayment of the loan: principal and interest shall be executed on equal monthly installments over the duration of the loan.
  2. Interest and Fees
    • Interest rate: 15% per annum (on reducing balance)
    • Processing fee of 2.0% of the facility
    • Collateral Registration Fee (where applicable) – GHS20.00
  3. Collateral for loan
    • Cash equivalent or appropriate collateral. GoG T/Bills preferred.

How should I apply?

  1. Application form – can be downloaded from GHAMFIN or Association’s Website. Ensure that all required documents are provided and attached.
  2. Recipient: Send the completed application to Apex Bank.
  3. Forwarding: A completed set of application form and annexes
    • Online: via e-mail to ARB Apex Bank (
    • Hardcopy: application form and copies of required documents
  4. How would I receive the processed loan/mode of disbursement and repayment?
    • Successful applicants would be required to open an account with any preferred Rural and Community Bank, and furnish fund manager with the account details.
  5. Who is the fund manager?
    • ARB Apex Bank is the Fund Manager
  6. Will my MFI qualify for a repeat loan?
    • Yes, repeat loans are allowed

What else do you need to know?

Unfortunately, incomplete applications (missing information or documents) cannot be processed. They will be returned to the submitter and can be resubmitted after completion/supplementation.

Any other questions?

For further questions, please contact: GHAMFIN ( or your Association