A loan of $1,200 helped a member to buy more bags of rice, vegetables, beans, meat, firewood, etc.


Akoma Group's story

Ama is 35 years old, married and the mother of four children. Three are currently in school and her last-born is still breastfeeding. She is a food vendor and serves food like waakye. Waakye is prepared from local rice grains and mixed with beans. Many Ghanaians enjoy it as it has local taste and standard. She says demand for food is on the higher side but she does not have adequate funds for expansion. She has been in food production for two years now, which helps in taking care of the family. She wants to use the loan to buy meat, rice and vegetables to increase her efficiency to produce in larger quantities. She believes this will help expand her business to raise more income to support her children's educational needs. She would be grateful for the assistance.

She is the leader of a trust bank group called "Akoma," which means heart. She is the one sitting in the middle in the group photograph. The members of this group are petty traders, food vendors and 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: Ama , Agnes, Akua


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Loan details