Mentors International’s CEO Mark Petersen and VP of International Operations Nathan McClellan returned from visiting our office in Ghana, Africa. While there, Petersen and McClellan spent some time exploring possible new areas where Mentors might expand it’s operations. The program is doing well in the 38 villages where Mentors Ghana currently operates. Mentors predicts that the current villages will be maxed out in the next year or so, allowing the expansion. “Our clients there are doing very well and we have 100% repayment rate after a year and a half of operation, which is awesome,” McClellan reports. “We’re growing, people are really coming to us quickly and we’re growing as fast as we can. We’ve got over a thousand loans out right now and really good progress. Because these people didn’t have any access to financial services before us going there, many of them are, in a short time, doubling or tripling their incomes.”
One of such client is a cacao farmer named Samuel. With his first loan from Mentors Ghana, Samuel purchased pesticides for his crop. As a result, Samuel’s income has doubled. He is now able to afford to build his home out of concrete and other strong materials.
Samuel was one of the clients in interviewed in a recent video. See his story here.