What is "microquips"

MicroQuips is a micro-leasing NGO founded in Accra, Ghana, in 2009.The organization finances equipment for women who run micro-businesses in the Greater Accra West Municipality of the Greater Accra region, with the intent of creating a sustainable economic fundament for themselves and their family, and empowering women and local micro-businesses, consequently actively contributing to development of the community.

MicroQuips directly purchases needed equipments – hence the name “MicroQuips” – and leases them to the beneficiary. Whilst the beneficiary is in the process of repaying in installment, the equipment is still owned by MicroQuips. Once the lease repayments have been completed, the lessee becomes owner of the equipment.