Causes of Load Repayment Default

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Loan repayment defaults among Savings and Loans Institutions in Ghana have led to reduced employment and cash flow issues. This study focuses on identifying factors contributing to these defaults in Kumasi. Utilizing a descriptive survey design, 95 respondents, including beneficiaries and institution officials, were analyzed through structured and unstructured questionnaires. Key findings indicate significant relationships between borrower supervision, credit policies, loan appraisal processes, and recovery procedures with repayment defaults. The study advocates for educational campaigns promoting group loans, particularly for traders.