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Margaret

Margaret A. is a fifty two year old widow and mother of five children. She believes in hard work and dedication and that is the secret of her success. She owns and operates a local restaurant and sells local foods like fufu, banku, ampesi, and rice balls.



Fufu is prepared from pounded cassava and plantain and eaten with soup. Banku is prepared from milled maize grains and eaten with hot pepper or soup. Ampesi is a boiled plantain or yam and is eaten with any stew.



She wants to use this loan to buy more raw materials, like bags of maize, baskets of cassava, plantain, meat, fish, vegetables and firewood. She belongs to the community group called Nyame Boafo Trust Group. In this group, members guarantee for one another as social collateral and act as peer pressure to repay the loan.

About Ghana

  • $3,500
    Average annual income
  • 22
    View loans »
    Ghana Loans Fundraising
  • $11,428,350
    Funds lent in using Kiva
  • 1.0
    Ghana Cedis (GHS) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,025 helped Margaret to buy more raw materials for her restaurant and food shop, like bags of maize and baskets of cassava.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Jun 6, 2008
Listed
May 23, 2008
Currency Exchange Loss:
Covered
Ended:
Mar 16, 2009