Kick start loans started at ID-Ghana!

The Kick Start loan project, funded by the French Embassy in Accra, has started on field with the first batch of disbursements at the branch of Chorkor.
After receiving their third training, the 9 selected women were given between GH¢ 40 and GH¢ 50 each. These micro entrepreneurs will pay no fees or interest for these very small loans (for amounts so small, we can talk of nano-loans). They are mostly fuits and vegetable vendors and the aim is to upgrade them in two or three loan cycles at a level of activity that enables them to take a more standard loan through our Onipa Nua groups.
This project is not driven by the financial team but by the social mission team, as a lot of emphasis is put on training and monitoring of micro entrepreneurs (or should I rather say nano entrepreneurs...?)
contrary to our other loan products Onipa Nua, this product is an individual one and is offered only to women. However, Kick Start loan partners are encouraged to join a group as early as possible to facilitate their integration later and they are equally encouraged to save each and every week, even a minimum amount.