Tisongmi Taba - Tamalgu Group
All the members are involved in the business of picking shea nuts and processing them into shea butter. They have been in the business for the past three years. They process high-premium shea butter, some of which is sold to aggregators (such as Star Shea Ghana) and exported to the European and USA markets. Mayisah sells shea butter to many other customers in Ghana, as well.
The group is therefore requesting for a loan of GHȼ 8,000 and Mayisah will buy 5 bags of shea nuts with her share of the loan for the processing of shea butter.
Mayisah hopes to increase her income. She will use her income to support her family to have regular food to eat, to buy educational materials for her children in school, and to repay this loan.
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 GhanaGrameen 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.
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Success!! The loan was 100% repaid