WIDU High-Level Panel To Form An Innovative Partnership To Close The Funding Gap Faced By SmallBusinesses

The Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH through its project WIDU.africa (Full project title: Promoting employment in the informal sector in Africa through the leverage of Diaspora Cash Transfers) organized a high-level consultative forum. The aim of the meeting was to explore the market potential and cooperation opportunities for credit offerings to micro-entrepreneurs. The forum was aimed at:

  • Introducing WIDU.africa, its approach to supporting and financing micro and small businesses in Ghana, and its growing database of key business data (including KYC, info-security, business performance, etc.).
  • Understanding the needs of banks, MFIs, and DFIs in assessing and providing credits to micro and small businesses in Ghana.
  • Introducing, discussing, and launching a partnership between WIDU.africa and financial institutions to scale the access of micro and small businesses to loans.

The meeting took place on 1st December 2022 at the Kempinski Hotel in Accra. Participants included the executive management of selected Universal Banks, sister Microfinance Associations as well executives of the Development Bank of Ghana, the European Investment Bank, and the World Bank.

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