A loan of $950 helped a member to buy more soft drinks to sell to customers.

Salem Group's story

Salem group is made up of 3 women who are from Teshie. This group was formed in 2011 and are still together. They sell drinks, cloth, and sandals. They meet every Wednesday to discuss business and payment of loans. They have been with ID-Ghana since 2010.

Matilda is a 43-year-old drinks seller, married to a 45-year-old businessman. They have 2 children who are in schooling. This is her second loan cycle with ID-Ghana. Her childrens' ages are 13 years and 20 years.

Matilda has been doing this job for 5 years, which shows a lot of experience. She needs this loan to buy more Coca-Cola, Fanta, Malta Guiness, and Alvaro to sell to customers. She was given 350 Ghana Cedis in the first loan cycle and now needs 700 Ghana Cedis to expand the business. Her monthly profit is 90 Ghana Cedis, which she uses partly to help her husband with family expenses and partly on reinvestment.

They need a total amount of 2,600 Ghana Cedis to be able to meet customer demand.

In this group: Veronica, Matilda, Helena

Loan details

Lenders and lending teams

Loan details