Animonyam Group

David is 55 years old he is married with eight children. Currently seven children are in school. He is a chemical seller and sells various kinds of drugs like blood tonic, pain killers, malaria drugs etc. in his neighborhood. He has been in business for six years now and he is among the people who supply pharmaceutical products in the community. His chemical shop is registered to operate by Ghana pharmaceutical council. He wants to use the loan to buy increased supplies of drugs to include others that are frequently demanded by his customers. He hopes to raise good income to take care of his family. He would be grateful for your assistance.

He is the leader of a trust bank group called ‘Animonyam’ which literary means God’s glory. He is the one sitting in the middle in the group photograph. Most of the members of this group are petty traders, food vendors and farmers 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

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