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George
George K., twenty-five, is single and independant. George lives alone in a rented apartment in Bawjiase community near Accra. Most of the inhabitants of Bawjiase are either in farming or buy and sell in farm products. Very few people run different types of businesses. George is a merchant and sells in soft drinks. He sells varieties of drinks and mineral water in both bottles and cans, such as Coca Cola, Fanta, pineapple juice, Sprite, etc.



George orders the drinks directly from the manufacturers in Accra where the cost is economical. He believes he can scale up his business with additional working capital so he wants a loan to order more drinks and mineral water so that he can distribute to a larger number of customers. He is a member of "Maranatha Trust Bank" group. The members in the group guarantee for one another as collateral to access the loan and provide assistance to one another in handling repayment.

About Ghana

  • $3,500
    Average annual income
  • 46
    View loans »
    Ghana Loans Fundraising
  • $11,460,400
    Funds lent in using Kiva
  • 1.3
    Ghana Cedis (GHS) = $1 USD

Success!! The loan was 100% repaid

A loan of $450 helped George to purchase more drinks to sell.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 26, 2009
Listed
Jan 31, 2009
Currency Exchange Loss:
Covered
Ended:
Oct 15, 2009