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

In 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 Her loan is administered locally through ID Ghana, a microfinance non-governmental organization that provides financial and social assistance to the underserved urban communities in Accra. The average annual income in Ghana is only $3,500, which makes it difficult for many people in Ghana to make enough money to survive, let alone fund projects that will help them to do so.

That is one reason why, with the help of Kiva and ID Ghana, Dr. Johnson fully funded the loan to the Yesu Tsui Krong Group. These organizations, together with Dr. Johnson and other who are philanthropic in the same way are changing lives.

This is due to the fact that these organizations all work towards providing microfinance services to those who have no access to capital for their businesses. To do this, the Kiva platform brings people together, while ID Ghana finds individuals who are most in need of help, so that people like Dr. Joe Johnson can provide them with loans.

The Yesu Tsui Krong group’s latest loan was fully funded by Dr. Johnson, giving Veronica the chance to realize her dream of buying clothes and using the profits to expand her business. If you would like to help transform a community in the same way, visit Kiva.org and browse through the numerous loans from around the world that are in need of funds. Make a change by giving a microloan.

Notes 1.    This article is based on https://www.kiva.org/lend/998313