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.