Total loan: $1,425

Asesewa Group

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Teshie, Accra, Greater Accra Region, Ghana / Food

Asesewa Group's loan finished fundraising,
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A loan helped to buy more rice, beans, and cooking oil at wholesale.

Asesewa Group's story

The social microfinance institution "ID-Ghana" is starting its seventh loan cycle with Asesewa. They meet in the Teshi central office. The group has five members and is led by a board of directors, of which Sampson is the president. The members of this group are developing a variety of businesses, including: cooking utensils sales, cereal sales, food production sales, slippers sales, and plastic bowls sales.

This loan will benefit all of the small businesswomen in this group. Sampson states that this is the seventh time that he has worked with ID-Ghana. He joined the group at the invitation of one of the loan officers from the institution who works in his area. Sampson now has a business selling rice, beans, and cooking oil. He got to know this business because he learned it from his mother a number of years ago.

This loan will help Sampson to increase his capital (to buy more rice, beans, and cooking oil at wholesale). He will purchase this inventory from the wholesale suppliers in the city of Accra, and he will later sell these products from his sales stall. By working in this way, Sampson can generate resources to support his family financially, as he is married with four children, all in school.

When asked what he likes about ID-Ghana, Sampson responded that he likes the training and health services that the institution offers.