“…Microfinance can also be described as the process of advancing small loans to the poor with the aim of financing cottage and small scale businesses that would provide adequate income to take care of the recipients' responsibilities. Microfinance programmes which were originally designed to assist the poor households and advance credits to entrepreneurs also provide services like savings, rural credit, Agricultural credit, consumer credit and other financial services (Osei, 2002) . In addition, their services include payment and insurance services to the poor people (Copestake, Duvendack, Hooper, Loke, Palmer-Jones, & Rao, 2010).…”