Baobab Microfinance registers 3,241 under-privileged beneficiaries on NHIS

3, 241 beneath-privileged people have benefitted from Tamale primarily based Company, Baobab Enterprise Constrained as component of its Company Social Responsibility by being registered on to the National Overall health Insurance policies Plan.

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 Each adult
beneficiary had one particular of his/ her dependent benefiting from the package and it was
carried out throughout three (3) centres therefore West Clinic, SDA Clinic and NHIS office
at Gumani in Tamale Metro and Sagnarigu District.

The corporation thinks that ‘Investing in access to
wellness method does not only help you save life, but it’s a important investment decision in the
wider economic climate. This is mainly because unwell-health impairs efficiency, hinders work
prospective buyers and adversely affects human capital development’’.

The organization has the company vision of ‘Northern Ghana with no Poverty’ by means of tailor manufactured financial solutions and solutions for women of all ages teams. Around the previous 10 years, Baobab has been operating to relieve poverty in Northern Ghana by generating accessibility to credit rating a actuality to gals and as properly inculcate personal savings and expenditure behavior among the ladies.  Out of a overall of 10,255 personal loan clients, 9,502 are ladies representing 92.66% with an normal loan dimensions of GHS 744.00 for each lady.

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Baobab received its very first Lender of Ghana (Lavatory) working
license on 23rd April, 2008 as Baobab Economic Solutions Ltd and when Bog
issued a directive in 2010 mandating all Economic Companies to rebrand and have
‘Microfinance’ extra to their title, BMC was the very first in the entire of Ghana
(out of over 400 firms) to satisfy all this kind of requirements and was granted a new
functioning license by Lavatory on 29th July, 2011 (License No. 000001). BMC has Five
(5) branches and an agency its Head Office environment Branch which is situated at
Zogbeli-Tamale, Yendi Branch, Bimbilla Department, Salaga Department, Sawla Department and
Kalpohini company. BMC has survived the upheavals in the fiscal sector and
contrary to normal decline in deposits, it is enduring continuous
boosts. BMCs deposits surge by 74% from next quarter of 2019 to September.

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