The bank of Ghana has scheduled a forum to discuss the current state of microfinance institutions (MFIs) in the country. you are expected to submit a paper at the forum focusing on two broad areas, namely financial needs of the poor in the Ghanaian society and risk management practices of MFIs.

a)Explain four factors that affect financial services needs of the poor in Ghana.

b) Discuss five types of risk that MFIs face in their operations.