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Tisongmi Taba-Nyong Nayili Group
In this Group: Adama, Damu , Mariama, Sanatu , Samata , Martha, Martha , Damu, Mayama , Fuseina, Arishe , Fuseina, Sanatu, Pagnaa, Samata, Ashetu , Zenabu , Abiba, Safiatu, Ayi , Mariam, Asana , Asana
Damu is an active woman, 48 years old, from Nyong-Nayili in the northern part of Ghana. She is married and has six children. She is the second person from the left among those placing their hand on the shea nuts in the group picture.

Damu is a member of a shea butter processing group who have been in the business for the last 4 years. Their group is called Tisongmi Taba-Nyong Nayili Women's Association. Damu makes good profits from the business since she and every member of her group have been trained by Grameen Ghana on how to process high quality premium shea butter for both international and local markets.

Damu and the group have asked for a loan of 6,900 cedis to enable them to buy 115 bags of shea nuts for processing. By so doing, Damu will increase production and, hence, profit more, repay the loan, and support her children’s educational and food needs.

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.

About Ghana

  • $2,643
    Average annual income
  • 5
    View loans »
    Ghana Loans Fundraising
  • $10,860,250
    Funds lent in using Kiva
  • 2.6
    Ghana Cedis (GHS) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A portion of Tisongmi Taba-Nyong Nayili Group's $2,725 loan helped a member to buy 115 bags of shea nuts to extract premium shea butter.
82% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 18, 2014
Listed
Mar 18, 2014
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2014