Funded

Total loan: $2,850
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Akotobu Group


A loan of $2,850 helped a member to purchase different fabric of wax-prints to stock her business from the wholesalers in Accra.


Akotobu Group's story

The Akotobu Group consists of nine strong women who have an average age of 33 years and an average of two children each. They live in traditional extended families in the Teshie district of the city of Accra. They know one another through ties of vicinity, friendship, and commerce. To increase their financial capacity and improve their commerce, the group joined the microfinance institution ID-Ghana and are currently on their seventh loan cycle. Their six prior loans have been repaid in full. They are in the sale of maize, wax-prints, soft drinks, fish, and secondhand clothing.

Florence is the group representative who sells wax-prints and is 33 years old. She is married to a carpenter and they have two children. With her loan share of GHS 1,500, she intends to purchase different fabric of wax-prints to stock her business from the wholesalers in Accra.

Florence retails her merchandise at the market and from her home, for cash and not on credit. She hopes to earn good profit on this cycle of purchase, which will be used to reinvest in her business and repay her loan.

They need a total loan amount of GHS 7,200 at this level of the loan cycle.

In this group: Florence, Elizabeth, Bernice, Emelia, Abigail, Wilson, Winifred, Mary, Susuana
*not pictured



Loan details

Loan length:

10 months
Disbursed date: January 31, 2014

Lenders and lending teams




Loan details

Loan length:

10 months
Disbursed date: January 31, 2014