100%

funded

Total loan: $2,100

Monica

Flag of Ghana
Cape Coast, Central, Ghana / Education

Monica's loan finished fundraising,
but these similar borrowers just need a little more help to reach their goals!


A loan helped to buy exercise and government approved text books, pens, pencil,mathematical sets, calculators and other stationery materials to resell in her business.


Monica's story

Monica comes from Cape Coast in the Central Region of Ghana. She is 47 years old and she is happily married with 3 children who are all attending school. As hardworking as she is, she combines the role of a caring mother with trade. She has 7 years of trading experience. Monica deals in stationery items like exercise books, Ghana Government approved textbooks, pens, pencils, mathematical sets and calculators.
Monica needs micro loan support to increase her working capital to restock her shop in preparation for the re-openings of the primary and high schools. This will enable parents have easy access to their school kits during the rush period. Monica will use the loan to buy more exercise and government approved text books, pens, pencils, mathematical sets, calculators and other stationery materials in bulk to attract discount. Then she can lower her selling price to increase sales and profit. Her main business challenge is low sales during off-season. Monica is working towards this challenge. Her future plan in the next 5 years is to save part of her profit for purchasing a small printing press for publication as an additional income generating activity. The profit generated from her trade will be used to buy her children’s provisions when going to school, and the rest for her future business expansion.
Monica is grateful to all her Kiva lenders for their generosity.