{"id":398058,"date":"2017-07-04T09:32:13","date_gmt":"2017-07-04T09:32:13","guid":{"rendered":"https:\/\/ghana-mma.com\/2017\/07\/04\/ghana-news-leverage-microfinance-targets-promising-start-ups\/"},"modified":"2017-07-04T09:32:13","modified_gmt":"2017-07-04T09:32:13","slug":"ghana-news-leverage-microfinance-targets-promising-start-ups","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2017\/07\/04\/ghana-news-leverage-microfinance-targets-promising-start-ups\/","title":{"rendered":"Ghana news: Leverage Microfinance targets promising start-ups"},"content":{"rendered":"<p><\/p>\n<div id=\"\">\n<p>A financial management consultant, Dr Christopher Sokpor, has challenged microfinance companies to take advantage of mobile phone penetration to develop tailor-made solutions for their clients.<\/p>\n<p>&#13;<\/p>\n<p>\u201cThe growth in mobile telephony has opened up many more entrepreneurial solutions in service delivery,\u201d he noted.<\/p>\n<p>&#13;\n\t\t\t<\/p><\/div>\n<div id=\"\">\n<p>Dr Sokpor was speaking at the inauguration of the rebranded Leverage Microfinance Company (LMC) Ltd last Thursday at Dansoman in Accra.<\/p>\n<p>&#13;<\/p>\n<p>The company, which was recapitalised to GH\u00a21 million to meet the Bank of Ghana requirements as a microfinance firm, seeks to provide financial solutions to African entrepreneurs.<\/p>\n<p>&#13;<\/p>\n<p>The company said the capital injection was the first phase of a recapitalisation process to shore up stated capital to GH\u00a22 million by close of the year, ahead of BoG\u2019s 2018 deadline.<\/p>\n<p>&#13;<\/p>\n<p><strong>New products<\/strong><\/p>\n<p>&#13;<\/p>\n<p>LMC has also introduced four new products to meet the needs of its clients. They are the leverage lever business loans (a credit facility designed for promising and realistic business ideas) and the lock box, designed for households and individuals with busy schedules to save with no hassle.<\/p>\n<p>&#13;<\/p>\n<p>The others are the \u201cAfes3s3\u201d Account, geared towards savings with high returns for specific purposes and the Leverage Rhodium, a premium account designed with an investment package for beneficiaries.<\/p>\n<p>&#13;<\/p>\n<p>Dr Sokpor observed that even though there had been an \u201cexplosive growth\u201d, the pace of innovation had been slow and was convinced that LMC could fill the gap, \u201cby providing innovative microfinance solutions that were yet to be seen anywhere in Ghana.\u201d<\/p>\n<p>&#13;<\/p>\n<p>He noted that a large population in Africa did not have access to banking and general financial services.<\/p>\n<p>&#13;<\/p>\n<p>\t\t\t\t\t\t\t\t\t\t\t\t\t              <!-- new position --><br \/>\n          <!-- new position end -->\n\t\t\t<\/div>\n<p>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a style=\"display:none\" rel=\"follow\" href=\"http:\/\/megatheme.ir\/\" title=\"\u0642\u0627\u0644\u0628 \u0648\u0631\u062f\u067e\u0631\u0633\">\u0642\u0627\u0644\u0628 \u0648\u0631\u062f\u067e\u0631\u0633<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A financial management consultant, Dr Christopher Sokpor, has challenged microfinance companies to take advantage of mobile phone penetration to develop tailor-made solutions for their clients. &#13; \u201cThe growth in mobile telephony has opened up many more entrepreneurial solutions in service delivery,\u201d he noted. &#13; Dr Sokpor was speaking at the inauguration of the rebranded Leverage [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":398059,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-398058","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Ghana news: Leverage Microfinance targets promising start-ups - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2017\/07\/04\/ghana-news-leverage-microfinance-targets-promising-start-ups\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Ghana news: Leverage Microfinance targets promising start-ups - Ghanamma.com\" \/>\n<meta name=\"twitter:description\" content=\"A financial management consultant, Dr Christopher Sokpor, has challenged microfinance companies to take advantage of mobile phone penetration to develop tailor-made solutions for their clients. &#013; 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