For the past eight years, Memuna A. has been trading in the local market of Obuasi in Ghana. She is a 39 year-old widow with eight kids. Four kids are currently in school but the other four have graduated.
She is a busy petty trader who sells salt and shea butter at the local market. She also retails kerosene to provide her with additional income. She does not have sufficient working capital to run the business in the long-term. With the loan, she wants to add more working capital into the business to scale up business progress.
She believes the loan will enable her to purchase additional stock to upgrade her inventory. She says she would be grateful for your assistance. Memuna is a member of the group called Ntoboaseâ. Members agree to guarantee and support one another to repay the loan.