Article written

  • on 28.02.2014
  • at 12:00 PM
  • by Kevin Hind

Ghana’s Small Women’s Savings Groups Have Big Impact 0

Denugu – Dunwaa Soayare, 45, a smallholder farmer, widow and mother of five had the sort of economic profile that meant she was denied access to credit from Ghana’s mainstream banking institutions. She had no collateral, no bank account and found it impossible to provide three meals a day for her children, let alone ensure that they stayed in school.

But after joining the Asong-taaba Women’s Group, a cooperative in Denugu, Upper East Region, northern Ghana, her life has changed dramatically. Not only has she been able to provide for her family by moving them from their mud hut into the brick house she built, she’s also been able to provide tertiary education for children and has seen two of them qualify as teachers.

“Aside from taking care of my children’s education I have expanded my farming from half a hectare to two hectares. I now cultivate one hectare of maize, half a hectare of millet as well as half a hectare of groundnut,” she told IPS.

Soayare explained that from one hectare of land she harvests 15  bags of 84 kilograms each, which she sells for 70,000 Ghana Cedis (380 dollars) – a huge sum.

The group, which started in 2008, raised 5,000 dollars at the end of 2013 from the weekly contribution of its 25 members – almost all smallholder farmers and the breadwinners in their families.

Every Monday, the women meet under a shea tree and pay their contributions of between 50 cents to five dollars. They are allowed to apply for a loan, which many use to fund alternative businesses if their crops fail.

For Soayare it’s meant that she and her family are no longer vulnerable during the lean season. In Upper East Region the rainy season usually starts in May and ends in October. However, changes in the weather pattern now mean that the rains fall much later.

So when the rains don’t come, instead of suffering through a crop failure, Soayare borrows money from the group and makes soap and buys vegetables for resale.

“I don’t know what I would have done without this savings initiative,” Soayare said.

But Asong-taaba is one of 500 groups in the district that involve almost 12,000 people, mostly women, scattered across the Garu Tempane district in Upper East Region. These cooperatives were started under a Care International project called Enhanced Savings and Credit Association for Poverty Eradication.

Soayare and these thousands of women are living better lives thanks to the savings cooperatives.

continue reading on Ips Africa 

By Albert Oppong-Ansah – Ips Africa 

This article is published in the framework of an editorial project supported by the Universal Exposition of Milan (EXPO 2015).

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