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Suglo Nbori Buni-Bagurugu Group
In this Group: Fatima , Mayama , Fuseina , Arishetu , Afilua , Fuseina , Adisah , Sanatu , Amuhera , Zenabu , Ayi , Meli , Amina , Abiba , Azara , Mariama , Dambla , Sanatu , Safura , Azaratu
Arishetu is an active woman, 45 years old, from Bagurugu in the Northern part of Ghana. Arishetu is married and has eight children. (She is the fourth person from the left, squatting in their group picture.) Arishetu is a member of shea nut pickers and shea butter processing group who have been in business for the last three years. Their group is called ‘Suglo Nbori Buni-Bagurugu’ Women Association. She makes good profits from the business. All of the members of her group have been trained by Grameen Ghana on how to process high quality premium shea butter which Planet Finance (Shea butter marketing company) buys and exports.

Arishetu and the group have asked for a loan of 10,000 GHS to enable them pay the cost of 19 labourers to pick 73 bags of shea nuts, the cost of two roster machines and the cost of fuel for the roasting and extraction of shea butter. By so doing, she would increase productivity and be able to 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
  • 7
    View loans »
    Ghana Loans Fundraising
  • $10,838,400
    Funds lent in using Kiva
  • 2.9
    Ghana Cedis (GHS) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A portion of Suglo Nbori Buni-Bagurugu Group's $3,400 loan helped a member pay the cost of 19 labourers to pick 73 bags of shea nuts, cost of 2 roster machines and cost of fuel for the roasting and extraction of shea butter.
82% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
May 10, 2014
Listed
May 21, 2014
Currency Exchange Loss:
Possible