A loan of $1,350 helped a member to purchase some quality wax-print for selling.

Suomo 2 Group's story

In the year 2009, four active ladies from Teshie who are into the sale of wax-print, vegetables, rice and kids’ wear, have been part of a group called Suomo 2. They intend to expand their existing businesses by taking a loan from ID-Ghana.

Patience is an energetic lady of 50 years old. She is married to a 53-year-old clearing agent, and they have three children. She is very active and always cheerful.

For the last six years, Patience has been running a wax-print vending business with the help and support of her husband. She purchases wax-print from the market and from the factory at the wholesale price.

She earns a monthly income of GHS 300 from her existing business, but that is not sufficient to manage the business expenses as well as the household expenses. So Patience wants to raise her income by increasing the volume of her business. Looking into the coming festive season, with the present loan she is planning to purchase some quality wax-print for selling. Patience assumes that this will definitely generate a handsome amount of extra income. She has a dream to save enough money for her family in a respectable manner.

The other three members of the group are Leticia with a rice business, Philomina with a kids’ wear business, and Grace with a vegetable business. They need a total amount of GHS 2,700 to improve their businesses.

In this group: Leticia , Patience , Philomina, Grace

Loan details

Lenders and lending teams

Loan details