Good Name Group

Adwoa is 37 years old. She is married and the mother of four children, and she has all her children in school. She sells food stuffs like rice, beans and plantains, etc., in the local market in her community. She has been selling for the past five years now, and she has lots of selling experience to win customers. She is an achiever and her focus is to save enough to strengthen her and the kids' education. She wants to use the loan to buy increased stock of rice, yams, beans, cooking oil and plantains to serve her customers. She would be grateful for that assistance.

She is the leader of a trust bank group called ‘Good Name’. She is the one sitting second from left in the group photograph. Most of the members of this group are petty traders, food vendors and/or farmers. In this group, members guarantee for one another as social collateral to access the loan and peer pressure to repay the loan.




About Group Loans
In a group loan, each member of the group receives an individual loan but is part of a group of individuals bound by a group guarantee. Under this arrangement, each member of the group supports one another and is responsible for paying back the loans of their fellow group members if someone is delinquent or defaults. Learn more

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