2,000 new micro-credit borrowers in Ghana now have access to funds thanks to the lending of an additional 3.8 Billion Cedis, or about USD $431,000, by Atwima-Mponua Rural Bank at Nyinahin. A recent Ghana News Agency (GNA) release indicates that the Rural Bank is focusing on group loans, but also states that the head of the microfinance department, Dominic Baah Ayim, is concentrating on encouraging perpetually good individual savings habits. Mr. Baah Ayim asserts that an important component of successful micro-lending in Ghana is teaching people to avoid the “temptation of flamboyant lifestyles whenever their businesses begin to grow.”
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