The work here in Ghana has been moving along nicely. After
meeting and interviewing with all of our potential loan candidates, we took on
the difficult task of selecting our final loan recipients. It was hard to
disqualify applicants that could obviously use the money, but their business
plans are not quite up to par. Even though working within the budget was
difficult, we ended up being grateful for some boundaries when selecting our
recipients.
After selecting the loan recipients we started working hard
on submitting loan applications that show how the recipient will use the loan and
how the loan will profit them. These reports were very interesting to put
together. It is
amazing to me how much a little can help change and improve these individuals’
lives.
Our loan recipients this semester are involved in a number
of different businesses. We are funding cocoa farmers, provision stores, a hair
dresser, and a number of food vendors. Funding the cocoa farmers during the
spring is the only time to fund them, as the spring is where the majority of their
expenses are incurred. It has been fun to learn about the cocoa industry and
work with the farmers in our classes.
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| Meeting with some of our cocoa farmers. |
We are planning on funding our loan recipients this next
week. The time here in Ghana has flown by, it does not seem like we have been here
for over two months now. The things that we have learned during our time here
will stay with us forever.
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