Microfinance initiatives have been implemented in various parts of Africa to address poverty and financial inclusion. In northern Ghana’s urban villages, microfinance has shown promise as a tool for generating income stability. However, there is limited longitudinal data on its long-term impact. The research employs a mixed-methods approach, combining quantitative data from survey responses with qualitative insights gathered through interviews. Data was collected from 100 randomly selected households across five urban villages. Over the three-year period, there was a significant increase in average monthly income reported by recipients (from $50 to $75 per month). Microfinance programmes appear effective in enhancing family income stability over time. Findings suggest that microloans can be a valuable tool for poverty alleviation and financial inclusion. Further research should explore the sustainability of these programmes, as well as potential areas for improvement to ensure long-term success.