A loan of $275 helped a member to buy more stock of used clothing.

Dr. Joe Johnson funded a microloan to a growing venture for Veronica, a Ghanaian entrepreneur.

Here is Yesu Tsui Krong Group’s Story

ML3In the small fishing village of Chorkor in the sprawling metropolis of Accra, Ghana, Veronica has been operating a used clothes store for the last three years. She has managed the business well in that time, though she says one of her biggest challenges has been price fluctuations in the market. She describes herself as an honest person, and is married with one child.

Since she opened her business, she has already received one loan to help her with working capital, and she successfully paid back that loan. She recently approached ID Ghana again to provide her with a 1,000 Ghanaian Cedis loan which she intends to use to increase her stock of used clothes, hoping that she will be able to use the profits to expand her business.

 

 

Microloan Partners