Total loan: $1,975

Anigye Group

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Konongo, Ashanti Region, Ghana / Retail

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A loan helped To buy used shoes in bulk.

Anigye Group's story

Christiana, a 41-year-old trader, is married and the mother of three children. All her children are in school. She is a very resourceful wife and mother. She supports her children through the sale of used shoes (second-hand shoes). Selling of used shoes is a very big market in Ghana as brand new cloths are very expensive for the economically active poor. In addition, second hand shoes are seen as being of higher quality and more durable than the store shoes. Therefore selling used shoes has created a market for many Ghanaian women like Christiana. She takes stock of her goods from the nearby city center called Kumasi and she started her business two years ago. She wants to use the loan to buy more shoes to increase her inventory. She believes this loan would help her to save more for her children’s education and to rent a store for her business. She is the leader of a trust bank group called ‘Anigye’ which literally means joy. She is the one standing in the middle in the group photograph. 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 peer pressure to repay the loan.