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.