Prince is a 40-year-old trader. He is married and has three children, all of whom are in school. He is a very resourceful man whose hard work provides a livelihood for the family.
He supports his family through the sale of used clothing. Used clothing has a very big market share in Ghana, because brand new clothes are very expensive for the economically-active poor. Therefore, used clothing has created markets for many Ghanaians.
Prince has been in this business for five years. He travels to the nearby city of Accra to purchase goods. He wants to use the loan to buy more bales of used clothing to increase his inventory. He believes this loan will help him save for the future.