Walewale MP launches GH¢1m fund to support women, small businesses
The Member of Parliament for Walewale, Dr. Tia Mahama Kabiru, has launched a GH¢1 million fund to provide affordable capital to small business owners in the constituency, with a particular focus on women.
Dr. Tia Mahama Kabiru, the Member of Parliament for Walewale, has unveiled a GH¢1 million fund called the "Fako" Fund to provide affordable loans and financial assistance to small business owners in her constituency, with a focus on women, including widows and petty traders. The initiative aims to support over 100 women in the first phase, with the potential to include 500 more in subsequent rounds.
Dr. Kabiru, inspired by her own experiences in a rural community, believes the fund will improve the lives of people who struggle to access credit from formal financial institutions due to high interest rates and lack of collateral. The fund will offer interest-free loans, flexible repayment arrangements, and link beneficiaries to the Ghana Enterprise Agency for training and support.
The MP emphasized that the initiative would help women and small business owners establish and expand income-generating activities, thereby enhancing their livelihoods.
Written by urgent.news from MyJoyOnline Ghana's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
