We have established the Micro Entrepreneurs Support Fund (MES Fund), a revolving peer to peer fund established in the year 2022 with the objective of supporting poor and low-income earners especially women who are operating micro businesses in rural areas to build business capital and financial assets through savings and credit.
Over the past two years, the fund supported 15 women micro entrepreneurs with an average loan size of GHS 3000.00 to invest in their businesses and pay back. The beneficiaries also benefited from financial literacy training and mentoring. This is reducing the barriers that women face when accessing credit including strict requirements such as collateral, poor or no credit history and so they are rejected by formal financial institutions. This has increased the financial inclusion of women.
