Yesom Awurade Group

Beatrice is thirty years old she is married and mother with five children. She has three of the children who are currently in school. She is a trader in palm nuts fruits. Palm nut fruits are used to produce almost all cooking oil in the country and beyond. She takes stock from the farmers and supply to the big companies for further production. She wants to use the loan to buy more bags of palm nuts to increase and to boost sales. She believes this will help expand her business to raise more income to support her husband, to provide food for her family and finance her children’s education.

She is the leader of a trust bank group called ‘Yesom Awurade’ which literary means ‘We are serving God’. She is the one sitting in the group photograph. Most of the members of this group are petty traders, food vendors etc. 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

Subscribe