Because she lives in a fishing community, she will use the proceeds of the loan to buy fish hooks to sell to the local fisherman. She also wants to start selling yams – a Ghanaian staple. In addition to adding inventory to her store, Aba hopes to use some of the loan to improve her store’s appearance and to replace some of the older wooden beams.
Aba is a member of the "God is Alive" lending group. The lending group uses a type of social collateral where each member of the group applies pressure on other members to ensure payment.
36View loans »