About Us

GHAMFIN is an informal network of institutions and individuals that operate within Ghana's Microfinance Industry. This network evolved from the concern of some Ghanaian Microfinance Institutions (MFIs) for the development of best practices in delivery of microfinance services.

Their concern and initiatives was promoted by a World Bank sponsored action research project, which sought to identify for wider application, innovative techniques of financial services delivery that had been successful in improving access of micro entrepreneurs to financial services. This action research project, which started with the profiling of three (3) Ghanaian MFIs, grew into an informal network of organizations interested in providing effective financial services to the poor. Today, the informal group has been formalized and registered as a company limited by guarantee, the Ghana Micro Finance Institutions Network (GHAMFIN). GHAMFIN was legally registered in August 1998. Its membership consists of 80 regulated and non-regulated microfinance institutions that together are serving over 60,000 clients. Its members include institutions of different sizes and legal structures such as commercial banks, savings and loan institutions, NGOs, cooperative, rural banks and traditional 'Susu' savings clubs. The network has an executive committee of 11 members, of whom presently two are women. It has a permanent secretariat with six paid employees, including a full-time executive director.

GHAMFIN regularly collaborates with government and donor organizations in Ghana, particularly in the area of policy change activities and implementation of capacity building and institutional strengthening programs e.g., MicroStart (UNDP/AfDB), and the Social Investment Fund.

Funding for GHAMFIN comes mainly from grants, fees for services and membership fees. GHAMFIN's major contractors are the Government of Ghana, the World Bank, the USAID, IFAD, GTZ and Care International. GHAMFIN has received funding from the WWB/UNDP Regional Program to build Microfinance Networks in Africa.

GHAMFIN is an informal network of institutions and individuals that operate within Ghana's Microfinance Industry. This network evolved from the concern of some Ghanaian Microfinance Institutions (MFIs) for the development of best practices in delivery of microfinance services. Their concern and initiatives was promoted by a World Bank sponsored action research project, which sought to identify for wider application, innovative techniques of financial services delivery that had been successful in improving access of micro entrepreneurs to financial services.