A loan of $1,875 helped a member to purchase bulk of lace materials and textiles.

Boafo Ne Nyame Group's story

Sophia is married and mother of three children. Currently, two of her children are in school whilst her last born is still breastfeeding. She is a 35-year-old petty trader who sells clothing materials. She is very hard-working woman who works very hard to cater for herself, her children and her business backed by her husband's support. She sells cloth for sewing garments, shoes, slippers, and lace materials. She started her business three years ago. Lace material is very useful in room and office decorations.

Sophia treks to Kumasi to buy her stock of goods. For lack of adequate working capital she buys little because of inadequate funds. She sells her goods at the community market center. For this reason she requests a loan to make business progress. She believes the loan will enable her to grow her business to the expected level.

She is the leader of a trust bank group called ‘Boafo Ne Nyame’ which literary means 'Our helper is God'. She is the one sitting in front in the group photograph. Most of the members of this group are petty traders, food vendors and/or farmers. In this group, members guarantee for one another as social collateral to access the loan and peer pressure to repay the loan.

In this group: Sophia, Charlotte, Juliana, Faustina, Abena

Loan details

Lenders and lending teams

Loan details