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Akosua
Akosua is 51 years old; she is widowed with ten children. Unfortunately two passed away in an accident; two are in school and the rest are fully independent. Her husband died four years ago after a brief illness.



Akosua has been a local manufacturer of palm oil and has sold foodstuffs such as bananas and plantains for the past eight years to take care of her family. Palm oil is produced from palm fruit. The raw palm oil is processed through various stages to obtain the palm oil that is sold. Palm oil is used to prepare many local dishes. Her production is on a small scale due to capital inadequacy to buy machines for the processing.



In addition to her palm oil business, Akosua also sells fruit such as bananas and plantains by the roadside in the community where she lives. She says her business has slowed down due to current food prices and the economic crunch in the world market. She wants to use the loan to buy more palm nuts to increase her capacity to produce oil in larger quantities. She wants the loan for the purchase of bananas and bunches of plantains so that she can supply to her customers on a regular basis.



Akosua belongs to a village bank called ‘Nyame Mpa Aba’ which means "God never gives up". She hopes to receive GHS 500 to make business progress by restocking her inventory.

About Ghana

  • $2,643
    Average annual income
  • 8
    View loans »
    Ghana Loans Fundraising
  • $10,998,925
    Funds lent in using Kiva
  • 1.4
    Ghana Cedis (GHS) = $1 USD

Success!! The loan was 100% repaid

A loan of $375 helped Akosua to buy more palm nuts and bananas to restock her inventory.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 5, 2009
Listed
Feb 11, 2009
Currency Exchange Loss:
Covered
Ended:
Oct 15, 2009