The Company offers Micro Savings and Micro Lending as its major products mainly to salaried workers, farmers and petty traders. These products have been developed to offer our target market a readily accessible source of income to help them grow their petty businesses, solve domestic and social problems and improve on their lifestyle generally. The increasing need for prompt financial support that will not go through vigorous and delayed processes has created a market for Micro Lending, Micro Savings and Micro Business Support among the low to middle income consumers and micro business entrepreneurs.
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LICENSING
Alphamaga Microfinance Service Limited has secured a PERMANENT LICENSE from Bank of Ghana after fulfilling all regulatory requirements and it’s in good standing with BoG. It has license with number 000072 in the year 2014.
Alphamaga Microfinance is ISO Certified with Certificate No: PC-0222-1568
OPERATING PROCEDURES AND POLICIES
The operating procedures and policies in Alphamaga Microfinance Services Limited are intended to help day to day operation of the company. Whereas it is not exhaustive, it provides guidelines and detailed description of all stages of our operation to ensure that the company thoroughly discharges its duties in properly manner that would help it to grow.
It also helps in checking the staff with regards to who performs what task at what time.
The company developed its operating procedures and policies to set out the proper procedures and policies that will:
Ensure that Alphamaga books of accounts are prepared to conform to sound accounting principles and practices.
Enable the management to obtain accurate and timely financial reports on daily basis, thereby promoting sound financial management.
Ensure correct and accountable use of funds and other resources.
MEMBERSHIP
Alphamaga Microfinance Services Limited is a member of Ghana Association of Microfinance Companies (GAMC) which operates under GHAMFIN