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Gub'danda - Tampion’ Group
In this Group: Memunatu , Fati , Awabu , Asana , Arishetu , Ayishetu , Sanatu , Shaaratu , Sanatu , Arishetu , Arishetu , Talimpaga , Sanatu
Memunatu is an active woman of 50 years old from Tampion in the northern part of Ghana. She is married and has six children.

Memunatu is a member of a shea nuts farmers and shea butter processing group, who have been doing this business over the last fifteen years. Their group is called “Gub'danda – Tampion” Women’s Association. She makes good profits from the business, since she and every member of her group has been trained by Grameen Ghana on how to process high-quality premium shea butter for both international and local markets.

Memunatu and the group have asked for a loan of GHS 3,200 to enable them to pay the cost of labour to pick 40 bags of shea nuts for processing. By so doing, Memunatu would increase production and hence increase income, 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.

Tags

About Ghana

  • $2,643
    Average annual income
  • 15
    View loans »
    Ghana Loans Fundraising
  • $11,220,300
    Funds lent in using Kiva
  • 2.8
    Ghana Cedis (GHS) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A portion of Gub'danda - Tampion’ Group's $1,150 loan helped a member to pay for the cost of labour to pick 40 bags of shea nuts for processing.
97% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
May 2, 2014
Listed
May 9, 2014
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2014