Funded

Total loan: $575
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Florence

Ghana
Obuasi, Ghana / Clothing Sales

A loan of $575 helped to buy more clothing, slippers, and dresing bags for re-sale.


Florence's story

Florence is 28 years old and single. For the past seven years she has had a business selling clothes, slippers and dressing bags. Generally, she buys her stock on credit and pays back her suppliers after sales.

However, she is convinced that her business will grow better with increased capital and has applied for this loan in order to increase her stock. Florence believes that this will decrease her purchase cost very significantly which will increase her income and enable her to expand the business.

Florence belongs to a community group called Lydia ‘mma’ (meaning Children of Lydia) Trust Group. Members in this group guarantee each others’ loans by providing social collateral for loan access and peer pressure to repay the loan. This photo of Florence was taken during her group meeting.


Loan details

Loan length:

10 months
Disbursed date: July 21, 2008
Facilitated by Field Partner: Sinapi Aba Trust (SAT)

Lenders and lending teams



Loan details

Loan length:

10 months
Disbursed date: July 21, 2008
Facilitated by Field Partner: Sinapi Aba Trust (SAT)