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Suglo Mbori Buni-Tampion Group
In this Group: Afishetu, Abibata, Sanata, Ayi, Ayi, Samata, Rahi, Ayi, Arishetu, Memunatu, Adamu, Lamatu, Sowa*, Adamu, Abibata, Safura, Samata, Azara, Safura, Rabi, Fulera, Adamu, Aminatu, Ayi, Amina, Shetu, Sanatu, Ayi, Rukaya, Azaratu, Adamu
* not pictured
Afishetu belongs to Suglo Mbori Buni-Tampion Women Assosiation who, for the past two years, have been in the business of processing Shea nuts into Shea butter.

She is a 45-year-old active working woman in her community. Afishetu is married and has 2 children. Her family lives in Tampion, a village in the northern part of Ghana.

Initially, due to the lack of adequate funds, Afishetu’s dream to increase production and run a shea butter extraction company was bleak. However, because of Kiva and Grameen Ghana, the dream is possible. She requests 9,300.00 GHS to help her fulfill this dream. She will buy 80 bags of Shea nuts, hire labor, and pay for fuel to carry out the Shea butter extraction process. Afishetu sells the butter to companies for export.

She will be able to earn more income, support her children’s education, look after their health, provide food and repay this 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
  • 26
    View loans »
    Ghana Loans Fundraising
  • $11,131,775
    Funds lent in using Kiva
  • 2.8
    Ghana Cedis (GHS) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A portion of Suglo Mbori Buni-Tampion Group's $3,300 loan helped a member to buy 80 bags of shea nuts, hire labor and pay for fuel to produce shea butter .
93% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
May 2, 2014
Listed
May 5, 2014
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2015