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Yaw
Yaw is a thirty-nine year old married father of three children. His wife is a hairdresser. Yaw has been selling auto parts of different kinds for over fifteen years. Currently, he sells shock absorbers, lower arms and doors. The proceeds of this loan will allow him to purchase more products from overseas (Germany, Korea, and Japan). In Ghana, there are no auto parts stores but there is a high demand for parts as the taxi networks are the main transportation option. He sells his wares in an area of Accra called Abossey-Okai that is a conglomeration of hundreds of entrepreneurs who each sell specific auto parts.

He hopes the loan proceeds will help him increase his sales volume so that he can continue to save for his children’s education.

Yaw is a member of the lending group Not Yours. The lending group works as a type of social collateral where each member of the group applies pressure on other members to ensure repayment.

About Ghana

  • $3,500
    Average annual income
  • 23
    View loans »
    Ghana Loans Fundraising
  • $11,435,900
    Funds lent in using Kiva
  • 1.0
    Ghana Cedis (GHS) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Yaw yaw would like to import more shock absorbers .
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
May 7, 2008
Listed
Apr 15, 2008
Currency Exchange Loss:
Covered
Ended:
Dec 16, 2008