Bela N Nabra - Domonaayili Group
Ayishetu is a member of a local rice processing group who have been doing the business over the last 19 years. Their group is called ‘Bela N Nabra - Domonaayili’ Women Association. She makes good profits from the business since she and every member of her group have been trained by Grameen Ghana on improving ways of processing and milling locally-produced paddy rice for the local market in Ghana. Their milled rice is sold and consumed around Ghana and they are always in business.
Ayishetu and the group have asked for a loan of GHȼ 6,000. Her share of the loan will help her to buy and mill five bags of paddy rice. By so doing, she would earn more income and hence repay this loan and support her children’s educational and health needs.
More information about this loan
This loan is designed to help farmers and other workers finance a range of activities including cultivation, inputs, harvesting, processing and marketing of different agricultural produce. Shea nut pickers and processors in rural Ghana will use these loans to access funding to process premium quality nuts and butter for international buyers. The funding goes towards the purchase of equipment, labor, and working capital during the processing period. Grameen Ghana links the borrowers with international buyers in order to eliminate intermediaries and realize better value for their produce. By funding this loan, you are helping ensure the success and job stability of farmers including that of Shea nut pickers and processors.
About Grameen GhanaGrameen Ghana is a microfinance institution that aims to alleviate poverty in Northern Ghana by empowering underserved communities through financial services and educational training. The organization provides clients with loans for agricultural workers, shea nut processors, and for solar lighting purchases. At the same time, it promotes holistic development for clients through credit and financial literacy courses, savings programs and more. Kiva lenders’ funds are enabling Grameen Ghana to grow and develop its high-demand agribusiness/shea loans and solar energy loans.
This is a Group Loan
In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.
Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.
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Success!! The loan was 100% repaid