Total loan: $2,400

Promise Group

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Sekondi-Takoradi, Western, Ghana / Food

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

A loan helped To buy baking materials like bags of flour, sugar, margarine, yeast, and firewood.

Promise Group's story

Grace, age 46, is a baker. She is the one standing in the middle of the group photograph, wearing the yellow top. She has been baking and selling bread in bulk for four years now and has been able to meet the demand of her customers despite having faced numerous challenges. She supplies her wares in the market center to her customers and also offers bulk delivery to customers who require it.

Her only problem now has to do with procuring adequate funds to buy raw materials now that prices are going up. She requests this loan in order to buy stock baking materials like margarine, sugar, firewood, and flour. She is eager to continue to increase profit through her business throughout the extended festive Christmas season.

With the loan, she can continue to provide for her children, especially in terms of ensuring their education. She is the divorced mother of five children, two of whom have graduated from the senior high school: the younger ones are still in school.

She is the leader of a trust bank group called ‘Promise.' Most of the members of this group are petty traders and foods vendors. In this group, members guarantee for one another as social collateral to access the loan, and they support each other in repaying the loan.