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Teresah
Teresah is the operator of a traveling bag (suitcase) and dressing bag business. She has operated the business for three years, but recently got sick and was unable to restock her inventory. She has now rejoined her trust group and is planning on using this loan to restock her inventory. She was a long-term member of the trust group and started by selling simply lingerie and undergarments and then expanded to more expensive bags.



In addition to running her business, Teresah is taking care of her sister’s four children. Her sister passed away recently.



Teresah is a member of the trust group Nyame Nsa Wom (God’s Hand Is In It). The trust group uses peer pressure as a type of social collateral that ensures each member repays their share of the loan.

About Ghana

  • $2,643
    Average annual income
  • 25
    View loans »
    Ghana Loans Fundraising
  • $11,122,525
    Funds lent in using Kiva
  • 1.0
    Ghana Cedis (GHS) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,050 helped Teresah to restart her traveling and dressing bag business.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Apr 12, 2008
Listed
Mar 29, 2008
Currency Exchange Loss:
Covered
Ended:
Oct 16, 2008