|Name of Applicant :||Ghana Association of Women Entrepreneurs (GAWE)|
|Title of Action :||Women Entreprenueurs Access to credit|
|Geographical Area :||Greater Accra|
|Action ID :||# 0-29|
|Action Score :||70.75%|
|Total cost of Action :||¢361,197,000|
|BUSAC's % of Total cost :||86%|
|Self Financed :||14%|
|Action Duration :||7 months|
|Support from Outreach Facility :||¢-|
|Summary of the proposed Action :||The need for the action:-
To address the issue of lack of access to credit and sufficient economic opportunity for women, who make up 80% of the bulk of the informal and formal productive sectors. It is a major contemporary problem that due to lack of credit to start or expand existing businesses, women businesses tend to experience slow growth, a major cause of poverty among women.
It is a fact that women do better at repaying loans granted to them. Ironically, it is more difficult for them to access credit.
The inability of women to access credit Is inconsistent with the millennium development declaration for halving extreme poverty by 2015. If this trend continues one wonders how Ghana will reach its target of being a middle-income country by 2010.
The proposed solution to the identified need:-
The implementation plan:-
2. mobilization of financial institutions to react to women on radio and TV