Microfinance institutions seek to tailor their financial services to adequately meet the needs of their clients; and to become a strong force to reckon with in the financial industry.Like any other group of organisations that is well-organised and focused, microfinance institutions have a mission.Further, effective and efficient microfinance institutions are required to be active members of the Ghana Association of Microfinance Companies (GAMC).
It is therefore recommended that microfinance institutions sensitize non-farm clients on how to generate income from diverse non-farm activities to support their socio-economic well-being.
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These non-bank financial institutions have satisfied the necessary conditions to facilitate their operations; and to receive funds from the public.
The inclusion of these microfinance companies on the list affirms their strict adherence to existing rules and regulations governing the financial industry; and their readiness to make significant strides in the financial market.