Florence is the group representative who sells wax-prints and is 33 years old. She is married to a carpenter and they have two children. With her loan share of GHS 1,500, she intends to purchase different fabric of wax-prints to stock her business from the wholesalers in Accra.
Florence retails her merchandise at the market and from her home, for cash and not on credit. She hopes to earn good profit on this cycle of purchase, which will be used to reinvest in her business and repay her loan.
They need a total loan amount of GHS 7,200 at this level of the loan cycle.
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
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Success!! The loan was 100% repaid