In Ghana, the microfinance sector has a strong savings orientation and a much greater role of licensed institutions than non-governmental organizations (NGOs) than in many nations. Banking institutions, particularly rural and community banks (RCBs), and non-bank institutions, savings and loan companies (S&Ls), account for the majority of microfinance activities in the country. Microfinance was defined by Scheriner and Colombet (2001. P. 339) as “the attempt to improve access to small deposits and small loans for poor families neglected by banks”. Microfinance involves the provision of financial services such as savings, loans and insurance to poor people living in both urban and rural settlements who are unable to obtain such services from the formal financial sector (banks). The microfinance revolution has changed attitudes towards helping the poor in Ghana and some other countries. The aim of microfinance is to provide substantial flows of credit, often to very low-income groups or families, who would normally be excluded from conventional financial institutions. This chapter then provides the context of the study, a statement of the problem, the objectives of the research, the research questions, the scope and limitations of the study, the significance of the study, and the organization of the study. 1.1 Context of the study The global poverty crisis and the resulting consequences of human suffering, environmental degradation and many other social ills are driving the search for scalable approaches to combating poverty. These deplorable conditions are the reasons behind the growing interest in microcredit and, more generally, microfinance. As a matter of fact, meetings such as the Microcredit Summit, global support through the United States......middle of paper......even those who wish to carry out research in a similar field in the future will find this study as a good source from which to draw information. 1.7 Organization of the study The study will be divided into five chapters. The first chapter contains the general introduction and context of the topic. It will further examine the problem statement, objectives, scope, significance of the study, and organization of the study. Chapter two focuses on reviewing the literature relevant to the topic. Chapter three covers the methodology that will be used in conducting the study, which includes the sample and sampling techniques, as well as data collection tools. This chapter will also provide a brief historical introduction to the unit of analysis. The fourth chapter will analyze the data collected from the interviewees. Chapter five will present the summary, conclusion and recommendation of the study.