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Faustina
Faustina A. is 50 years old. She is a widow and had ten kids but lost four through ailments. Out of the remaining six, the last-born is still in school. Faustina lives with her children in a community called Nkwaateng. Nkwaateng is in the Eastern Region of Ghana. A sizeable number of the inhabitants are engaged in farming activities. However, quite an appreciable number is also involved in trading and other business activities. Faustina is in the business of palm oil production. She has been in business for four years.



She buys the palm nuts from the local farmers in her community and processes them in her house to produce the oil, then sells it at wholesale prices to her customers. Palm oil is a local vegetable oil produced palm fruit which has been cooked, pounded, sieved and boiled for hours. The reddish substance (the oil) is skimmed off and reboiled to expel its water content. Faustina desires to use the loan to expand her business by buying the palm fruit in bulk to be able to supply to more customers.



She believes the loan assistance would enable her to scale up production to serve larger market and eventually, help improve her family finances. She is a member of a Trust Bank group called Joshua Trust Group. Members in this group guarantee for one another as social collateral to access the loan and support each other in handling repayment of the loan.

About Ghana

  • $2,643
    Average annual income
  • 30
    View loans »
    Ghana Loans Fundraising
  • $11,016,200
    Funds lent in using Kiva
  • 1.4
    Ghana Cedis (GHS) = $1 USD

Success!! The loan was 100% repaid

A loan of $525 helped Faustina to buy palm fruit in bulk.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 5, 2009
Listed
Mar 12, 2009
Currency Exchange Loss:
Covered
Ended:
Sep 15, 2009