Total loan: $625
Kasoa, Central, Ghana / Food
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A loan helped To restock grocery store.
Eric owns and operates a grocery shop and sells items like rice, evaporated milk, canned foods and drinks, assorted cooking oils, etc. He is 58 years old and married with seven children. Two of his children are still in school. He wants to use this loan to buy more rice, canned foods and drinks, and milk etc. to expand his business. He believes that with increased working capital he will have the capacity to purchase more good quality groceries to serve his customers. He will raise more income to finance his children’s education and provide them with more opportunities in life than what he had. He belongs to the community group called Hosaiah Trust Group. In this group, members guarantee for one another as social collateral to access loans and there is peer pressure to repay the loans.