Check out some available loans that are similar to this one!
Abraham
Abraham T. is 29 years old. He is married and the father of one child. He travels to farming communities to buy bulk foodstuffs such as maize, plantains, beans, groundnuts, yams etc. and re-sell them in the community market and sometimes beyond to his faithful customers.



Abraham's business is on a very small scale because of inadequate working capital. He believes this loan will help him to avoid middlemen who sell to him at exorbitant prices. He wants to use the loan to buy bulk stocks of maize, plantains, beans, groundnuts, and yams to increase his inventory.



Price hikes are another challenge to his business emanating from the current food crisis. Abraham hopes to cut down on cost through bulk purchasing. He trusts this will enable him to save enough to support his child in school. He is a member of the trust group called "Nyame Mma" meaning God's Children Trust Group. In this group, members guarantee for one another and assist each other to repay the loan. His picture was taken after their group meeting.

About Ghana

  • $3,500
    Average annual income
  • 23
    View loans »
    Ghana Loans Fundraising
  • $11,565,250
    Funds lent in using Kiva
  • 1.2
    Ghana Cedis (GHS) = $1 USD

Success!! The loan was 100% repaid

A loan of $350 helped Abraham to buy bulk stocks of maize, plantains, beans, groundnuts and yams, etc.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Oct 20, 2008
Listed
Oct 6, 2008
Currency Exchange Loss:
Covered
Ended:
Jul 15, 2009