A loan of $1,925 helped a member to buy increased bales of used clothing and bags charcoal.

Progress Group's story

Comfort is 29 years old trader she is married and mother of four children. All her children are currently in school. She is a very resourceful mother whose hard effort brings livelihood to the family. She supports her husband in taking care of the family through the sale of used clothing sales. Selling of used clothing has a very big market share in Ghana as brand new cloths are very expensive for the economically active poor and has been in this business for a year now. She travels to a nearby city called Kumasi to purchase her stock of goods. She wants to use the loan to buy more bales of used clothing to increase her inventory she normally concentrates on kid’s wear, bed sheets and used towels sales. She believes this loan would help her save for her children future and also to rent a store to trade as she sells the clothing through hawking.

She is the leader of a trust bank group called ‘Progress’. She is the one in the middle in the group photograph. Most of the members of this group are petty traders, food vendors etc. 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: Comfort, Mary, Christina, Esi, Aba

Loan details

Lenders and lending teams

Loan details