Esther Afua Ocloo a Business tycoon of Ghana
Today Google is celebrating the achievements of a Ghanaian business women, Esther Afua Ocloo was born in 18 April, 1919. She was the creator of micro lending. It was the problems Esther Afua Ocloo had in obtaining cash investment that she became an initiator in the world of micro lending. It is an exercise that helps relieve poverty and help people with no surety to get their business ideas up and running.
What is micro lending?
Micro lending is lending small amount of money on less interest rate which is given to the people in need who are starting a new business.
Esther Afua ocloo started her business when she was a teenager, in 1930 with the investment of less than a dollar. She use to sell marmalade, Esther Afua Ocloo was also named as Esther Afua Nkluena in the small district south Dayi district of Ghana, she won a scholarship to Achimota School, many other African leaders has been studying there too.
As a student, Esther Afua Ocloo started her business with very less amount of money which was given to her by her aunt. From this little money she bought some sugar and some jars to make marmalade and sell at slight profit.
In early days Esther Afua Ocloo got the contract of supplies from her high school and later she got the contract of military service for her supplies. On the basis of the military contract she was able to take out the bank loan and then in 1942, Esther established her own business with the name of kluena Industries.it is still exporting jams in the world from Ghana.
Esther Afua Ocloo was also famous as “aunty Ocloo” she travelled to United Kingdom to take a degree in food sciences from Bristol University; she came back to her home land for the betterment of its country fellow.
She used to work very hard to upgrade the economic standard of women, she was invited for a UN conference namely “the first UN world conference on women” according to her mission of helping woman and provide them with small loans for business she was also amongst the founders of world women bank 1976, it’s a worldwide lending institution. According to the website of World women Bank this network lends worldwide to 16.4 million women and is able to manage the loans portfolio of more than 9billion dollars. since that this non profitable organization has helped millions of women to set their own companies.
Esther Afua Ocloo also launched a program through which she used to transfer her cooking skills to other women and selling those things is streets and market in one of her speech to independent vendors she said “We found that a woman selling rice and stew on the side of the street is making more money than most women in office jobs – but they are not taken seriously.” Esther Afua Ocloo was also the first women in 1990 to receive the Africa Prize for Leadership.
Esther Afua Ocloo’s life came to an end on 8th February, 2002, she was suffering from pneumonia. Her burial was honored by the government officials. Who knew that a little girl with a marmalade jar will be an inspiration for hundreds and millions of women around the globe .today would had been Esther Afua Ocloo 98th birthday, on this special day Google also dedicated her a doodle in her honor & renowned her birthday.