Stephen is a 43-year-old single man and has no children. He describes himself as an honest person. He has operated a spare parts shop at the roadside near his house for six years. His business is strategically located to attract more customers from every part of life. He describes his biggest business challenge to be the high price of spare parts. He will use the GHS 1500 loan to add to his stock of spare parts. His business goal is to excel within another six years from now.
He hopes that he will have a bright future. This is his fifth loan with ID-Ghana. His previous loans were repaid successfully. He will use the anticipated profits to improve his life status.
About ID Ghana
ID 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.