The members of the group know one another through family, neighborhood and friendship ties. They sell doughnuts, 'gari' (made from cassava tubers, it is similar to potato flour), rubber bowls, sachet water, jeans and cassava dough. They are on their fifth group loan with ID-Ghana.
Bernice is a 39-year-old jeans seller. She is planning to buy two bales of used clothing from wholesalers in Accra. She will resell her merchandise to a retail customer base consisting of both men and women.
She is expecting to make an average monthly profit of GHC 100, which will be used to meet the needs of her family. A part of her profits will also be reinvested in her business.
They need a total of GHC 3,600 to be able to expand their businesses.
About ID GhanaID Ghana is a microfinance NGO that provides financial and social services to underserved urban communities in Accra. ID Ghana’s socially-oriented business model provides clients with a number of social services, including financial literacy training, group discussions led by peer educators on health and nutrition education, child schooling, basic medical services, and counseling and legal services for women victims of violence.
This is a Group Loan
14View loans »