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Suglo Kongbo-Nyong Nayili Group
In this Group: Sanatu, Memunatu , Laabi , Munira , Sanatu , Awabu , Abiba , Zenabu , Afishetu , Zenabu , Memunatu , Safura , Abiba , Samata , Adamu , Rukaka , Ziina , Arishetu , Sisala , Amina , Memunatu , Bushira , Sanatu
Abiba is a 48-year-old married woman living with her husband and 10 children in a community called Nyong-Nayili in northern Ghana. Abiba is the person placing a hand on the shea nuts in the group picture.

All the group members are women who are in the business of processing shea nuts into shea butter. They have been doing this business for the past 4 years. They really are processing high premium shea butter, some of which is sold to aggregators and exported to the European market. She sells the butter to many other customers in Tamale, the regional capital.The group is requesting a loan of 6,900 cedis to help them increase production from 50 bags to 115 bags of shea nuts. Abiba hopes to increase her income to support her family and repay the loan.

Additional Information

More information about this loan

This loan is designed to help farmers and other workers finance a range of activities including cultivation, inputs, harvesting, processing and marketing of different agricultural produce. Shea nut pickers and processors in rural Ghana will use these loans to access funding to process premium quality nuts and butter for international buyers. The funding goes towards the purchase of equipment, labor, and working capital during the processing period. Grameen Ghana links the borrowers with international buyers in order to eliminate intermediaries and realize better value for their produce. By funding this loan, you are helping ensure the success and job stability of farmers including that of Shea nut pickers and processors.
 

About Grameen Ghana

Grameen Ghana is a microfinance institution that aims to alleviate poverty in Northern Ghana by empowering underserved communities through financial services and educational training. The organization provides clients with loans for agricultural workers, shea nut processors, and for solar lighting purchases. At the same time, it promotes holistic development for clients through credit and financial literacy courses, savings programs and more. Kiva lenders’ funds are enabling Grameen Ghana to grow and develop its high-demand agribusiness/shea loans and solar energy loans.

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.

Tags

About Ghana

  • $2,643
    Average annual income
  • 16
    View loans »
    Ghana Loans Fundraising
  • $11,000,625
    Funds lent in using Kiva
  • 2.5
    Ghana Cedis (GHS) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A portion of Suglo Kongbo-Nyong Nayili Group's $2,750 loan helped a member to buy 115 bags of shea nuts for processing into shea butter.
81% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 18, 2014
Listed
Mar 10, 2014
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2014