Funded

Total loan: $1,375
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Margaret Group

Ghana
Teshie, Accra, Ghana / Charcoal Sales

A loan of $1,375 helped a member to buy more charcoal to supply to customers.


Margaret Group's story

The group is made up of five women and one man who have been accessing loans from ID-Ghana (MFI) since 2010. They are: Margaret, a charcoal seller; Faustina, a kenkey seller (cooked corn paste); Leticia, a fish seller; Janet, a gari seller (fried cassava paste with oil to remove moisture); Alexander, a khibab seller (the roasted meat of all kind of animals); and Rebecca, a cosmetics seller.

ID Ghana has been of great service to them since they have been able to grow their small businesses through the credit scheme.

Margaret is a 30-year-old charcoal seller married to Justice, who is a 34-year-old driver. She has 8 years experience. She works 6 days a week (from Monday to Saturday). She is constantly working to improve on her business capital. This is her 2nd loan with ID-Ghana and she is requesting an amount of 700 GHC to buy charcoal to sell to her customers in her community. She sells to generate money to take care of family and business.

The group needs a total amount of 2,600 GHC for business expansion.

In this group: Margaret, Faustina, Janet, Alexander, Rebecca, Leticia
*not pictured



Loan details

Loan length:

8 months
Disbursed date: December 13, 2012

Lenders and lending teams



Loan details

Loan length:

8 months
Disbursed date: December 13, 2012