The photos are of microcredit workers from Adutwam village. Each has had business training and produced a business plan, and has been given a loan of Ghc.200 to Ghc.400. We’re so impressed by Adutwam that we’ve even offered the whole village a loan to buy itself a food processing machine (one of the pix below is of the shed that will house it).
Our microcredit project now extends across eleven villages. We lend at 15% pa interest, and have never yet had a bad debt. By contrast, in Accra loans are on offer from 40 – 180 %. Woman who can’t repay their loans have been known to commit suicide in these circumstances.
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