Barclays Launches Ghanaian Microfinance
January, 06 2006
Ghana - Barclays is connecting modern finance with one of Africa’s most ancient forms of banking, Susu Collection, in an unconventional mobile initiative. This will extend microfinance to some of the least affluent in Ghana, like the small trader at the market or the micro-entrepreneur selling from road-side stalls. Though their individual income is too small for ‘high street’ banking, collectively it amounts to a £75 million economy thriving below the traditional banking radar
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