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Causes of Load Repayment Default

Assessing the Factors Influencing Loan Repayment Default Among Savings and Loans Companies in KUMASI Metropolitan Assembly

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Loan repayment defaults among Savings and Loans Institutions in Ghana have led to reduced employment and cash flow issues. This study focuses on identifying factors contributing to these defaults in Kumasi. Utilizing a descriptive survey design, 95 respondents, including beneficiaries and institution officials, were analyzed through structured and unstructured questionnaires. Key findings indicate significant relationships between borrower supervision, credit policies, loan appraisal processes, and recovery procedures with repayment defaults. The study advocates for educational campaigns promoting group loans, particularly for traders.

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Causes of Load Repayment Default, Kwasi Kwateng

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Released
2022
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Title
Causes of Load Repayment Default
Subtitle
Assessing the Factors Influencing Loan Repayment Default Among Savings and Loans Companies in KUMASI Metropolitan Assembly
Language
English
Released
2022
Format
Paperback
Pages
84
ISBN13
9786204740690
Series
Description
Loan repayment defaults among Savings and Loans Institutions in Ghana have led to reduced employment and cash flow issues. This study focuses on identifying factors contributing to these defaults in Kumasi. Utilizing a descriptive survey design, 95 respondents, including beneficiaries and institution officials, were analyzed through structured and unstructured questionnaires. Key findings indicate significant relationships between borrower supervision, credit policies, loan appraisal processes, and recovery procedures with repayment defaults. The study advocates for educational campaigns promoting group loans, particularly for traders.