Although she has received no prior formal education, Monica is an entrepreneur. She is a hairdresser in Asebu Ekrokul (near Cape Coast). She has been involved in this enterprise for 3 years. Monica is married and has 2 children. Her husband works as a mason. The proceeds from her business normally go towards helping her husband cover the family’s general expenses and to pay their children’s school fees. Monica wants to use her loan to increase her current inventory levels, thereby allowing her to increase her customer base. In the long term, Monica plans to reinvest her future profits into her business, thus helping her to expand and meet rising customer demands.