The National Board Chairperson of the Micro Credit Association Ghana, Benjamin Turkson Junior, has attributed loan defaults in parts of the microcredit sector to weak risk management systems among some lending institutions. He has urged financial institutions to strengthen their assessment of prospective borrowers and establish effective mechanisms to evaluate their creditworthiness before approving loans. Speaking in an interview at…
The National Board Chairperson of the Micro Credit Association Ghana, Benjamin Turkson Junior, has attributed loan defaults in parts of the microcredit sector to weak risk management systems among some lending institutions. He has urged financial institutions to strengthen their assessment of prospective borrowers and establish effective mechanisms to evaluate their creditworthiness before approving loans. Speaking in an interview at…
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Source: MyJoyOnline
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