These businesses have been assessed by the VEI-Ghana financial team. Both profitability and capacity of the entrepreneurs have been ascertained.
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Recommended Donations: IGA (Group) Loans: $50-$300 SME (individual) Loans: $250-$750
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Lorlornyo Group in Adaklu Xelekpe
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Abstract These five women from the Adaklu Xelekpe community have formed a group in order to access VEI loans. Their community is located 20km away from Ho, o difficult road. Like many women in their village, the Lorlornyo women are involved in palm oil production. Through a loan, they hope to increase their purchasing power, thereby reducing costs as well as boosting local businesses related to palm oil production. Total Loan Size Requested Per Member 150 Loans out to Date 300GH¢ (2 Members)
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Norvisi Group in Kpelehor
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Abstract Located in the Kpelehor community, these five women are involved in diverse trading activities like retailing of fresh fish, gari production (a value added product made from cassava root), etc. Their village is of extremely difficult of access, and they hope to diversify the products available in their community, as well as sell them in the markets in surrounding villages. Total Loan Size Requested Per Member 150 Loans out to Date 300GH¢ (2 Members) |
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A Rejoyce Group Member selling cloth in the Ho Market
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Abstract Initially, the Rejoyce group constituted of 3 friends who chose to consolidate their efforts in running a cloth-selling business. Their income had significantly increased after receving a first loan. One of their group members has moved away from Ho. The two remaining members have decided to change their business to selling foodstuffs in a stall in Ho market. They’ve explained that sales for cloth is seasonal – around festivities – while sales of foodstuffs is year round and therefore will offer more regular profits. Total Loan Size Requested 1000 Loan History The Rejoyce group have just finished paying back a first loan of 500 GH¢ |
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Abstract Akpene is a savvy businesswoman who currently owns a cold store, selling frozen meats, chicken and fish, as well as a hairdressing salon, both located not far from her house in central Ho. Her growth has only been limited by her access to capital, and she’s often run out of goods in her cold store before she has enough cash to restock in Accra Total Loan Size Requested 1000 Loan History No loan history with VEI – Ghana.
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If you wish to help one of these businesses, please include its name to your donation.
Note:
the total amount of your donation will be provided as a loan, and all reimbursements made by the groups will be fully added to VEI-Ghana’s revolving fund for women.