We’ve disbursed over GHC 7.5 billion in loans to Ghanaians so far - Bills founder

Founder and Board Chairman of Bills Micro-Credit Limited, Richard Nii-Armah Quaye, has disclosed that his organization has provided over GHC 7.5 billion in loans to customers.

The microfinance company, formerly known as Quick Credit, had a modest beginning but has grown to become a leading name in the sector.

Bills Micro-Credit, which began operations from a cubicle in the house of the founder’s grandfather, now boasts an annual customer base of over 350,000.

In its 15 years of existence, the company has doled out billions of Ghana cedis in loan facilities to help transform businesses and solve personal financial problems.

Shedding light on the successes of the micro-credit company in a new documentary titled ‘Quick Impact’, the founder mentioned that their loan schemes have created thousands of jobs.

“In the history of our company, we have invested or lent over GHC 7.5 billion into the hands of Ghanaians. Over the years, we have created thousands of jobs for the Ghanaian youth," he said.

At this year’s annual conference in Accra, held at the Conference Center, the company announced it had disbursed GHc 1.7 billion in loans in just 2023.

CEO of Bills Micro-credit, Romeo-Richlove Kweku Seshie also disclosed that his outfit targets disbursements to the tune of GHc 2.3 billion in 2024.