Women Access to Microfinance Loans on Children Formal Education: A Case of Rural Northern Migrant in the Brong Ahafo Region of Ghana

摘要

Using a survey design, both quantitative and qualitative sampling procedure was employed. A Sample of 500 was drawn among the population of rural Northern Migrants in the villages of Techiman Municipality and Odumasi District in the Brong Ahafo Region of Ghana. This study concretizes the perception that women access to micro financial services, especially micro loan is capable of promoting rural children formal education among others. Analyzing the primary quantitative data by use of SPSS statistical software, the findings revealed increase in quality of food, nutrition and health care of micro clienteles. On the contrary, the results showed a continuous access to micro loans compels women micro loans beneficiaries to withdraw their female children from school to help in households’ chores or hawking to enable the repayment of the micro loans. The study concludes that Northern Rural Migrant women continuous access to micro loans alone is not a panacea to children formal education and recommends the awareness of children formal education as the only long term solution to quality of life among others.