Funded

Total loan: $2,000
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Friends Group

Ghana
Oda, Ghana / Retail

A loan of $2,000 helped a member to buy more stock of cooking utensils and plastics bowls.


Friends Group's story

Yaa is 34 years old she is married and has given birth to four children. All are currently schooling. She trades in plastic materials like plates, buckets, bowls, cooking utensils etc. for three years now. For the cooking utensils she sells through hawking that is door to door selling. She has lots of marketing experienced, and it has helped her in her business growth. Demand for her goods is booming on a straight path and she sells during the market days. She requests for the loan facility to augment her working capital to buy more stock of cooking utensils and plastic materials to sell. She believes the loan will enable her to raise more income to support her family.

She is the leader of a trust bank group called ‘Friends’. She is the one sitting 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: Yaa, Comfort, Patience, Elizabeth, Abena
*not pictured


Loan details

Loan length:

8 months
Disbursed date: August 11, 2009
Facilitated by Field Partner: Sinapi Aba Trust (SAT)

Lenders and lending teams



Loan details

Loan length:

8 months
Disbursed date: August 11, 2009
Facilitated by Field Partner: Sinapi Aba Trust (SAT)