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Charles

Charles O. is fifty-five years old. He is married and the father of a son, who is in school. He lives with his family in a rented apartment at Ejura, a town in the Ashanti region of Ghana. He is a petty trader who trades in toothpaste, tooth brushes, radio sets, touch lights, and other items. He buys his supplies from wholesalers and retails them to his customers. He enjoys his trade very much. However, he is handicapped by low working capital and finds it difficult making enough in the face of general economic hardship. He therefore needs the loan to remain in business.



He wants to use the loan to buy new stock to serve his customers. He believes this will enable him to make a good income to expand his business. He is a member of the community group called Mawuli Trust Group. In this group, members guarantee for one another as social collateral to access loans and act as peer pressure to repay the loan.



Augustine is in the photo taken during his group meeting.

About Ghana

  • $3,500
    Average annual income
  • 22
    View loans »
    Ghana Loans Fundraising
  • $11,440,650
    Funds lent in using Kiva
  • 1.5
    Ghana Cedis (GHS) = $1 USD

Success!! The loan was 100% repaid

A loan of $500 helped Charles to purchase toothpaste, tooth brushes, radio sets, touch lights, and other items bulk.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 6, 2009
Listed
May 17, 2009
Currency Exchange Loss:
Covered
Ended:
Nov 15, 2009