Meet Mary, a 19-year-old single young lady who lost her mum two years ago. Her mother left behind a provision store for Mary to manage. Unfortunately, her mum’s funeral expenses took almost all the working capital of the store. This meant Mary had to close her store; she was devastated and worried about what the future would look like for herself and her siblings.
But it does not have to be this way. People can work their way out of poverty with a simple loan; this is why C.A. Micro Credit is on a mission to provide easily accessible loans for women to empower themselves.
C.A Micro Credit granted a loan of GHS2,000.00 ($150) to help Mary with her mum’s provision store business. She invested the whole amount into the store, and after 6 months, she paid back the loan in full, leaving a net profit of GHS800.00 ($57.00).
Today, her provision store is always stocked with goods and attracts many customers. She makes a profit of about $60.00 every month which is used to buy food, and pay hospital bills and school fees for her siblings. Mary's successful business has brought much joy and happiness to herself and her family. Mary's dream is to grow the business into a supermarket and support her brother with education to become a carpenter.
Mary has learnt how to manage her credit and is advising others on how to manage theirs. This is helping others to pay back their loans and work their way out of poverty. Mary shares the opinion that when you support a woman with a loan, you benefit the entire family.