Obotantim Group
Status: Paying Back
| $1,800.00 | Loan Amount |
|---|
About the Group
(For privacy reasons, the Field Partner has requested that last names be undisclosed)| Group Name: | Obotantim Group |
|---|---|
| Group Members: |
Comfort Christiana Kwaku Mary Tetteh Yamisu Stephen |
| Location: | Sefwi Wiawso, Ghana |
| Activity: | Grocery Store |
About the Loan
| Loan Amount: | $1,800.00 |
|---|---|
| Loan Use: | To buy a bulk supply of foodstuffs for sale |
| Repayment Term: | 11 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | Possible  |
| Date Listed: | Jul 20, 2009 |
| Date Disbursed: | Jul 7, 2009 |
| Date Funded: | Jul 21, 2009 |
About the Field Partner
About the Field Partner
|
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| Field Partner: | Sinapi Aba Trust (SAT) |
|---|---|
| Field Partner Risk Rating: | |
| Fundraising Status: | Active |
| Time On Kiva: | 24 months |
| Kiva Entrepreneurs: | 5558 |
| Total Loans: | $2,913,700 |
| Delinquency Rate: | 0.00% |
| Default Rate: | 0.00% |
| Currency Exchange Loss Rate: | 0.00% |
| More on this field partner >> | |
About the Country
| Country: | Ghana |
|---|---|
| Avg Annual Income: | $2,643.00 |
| Currency: | Ghana Cedis (GHS) |
| Exchange Rate: | 1.5017 GHS = 1 USD |
She is the leader of a trust bank group called ‘Obotantim,’ which translates as 'Solid Rock.' Most of the members of this group are petty traders, food vendors, and/or farmers. They are requesting a loan to upgrade their businesses in order to increase sales. In this group, members guarantee for one another as social collateral to access the loan and support each other in repaying the loan.
About Group Loans
In a group loan, each member of the group receives an individual loan but is part of a group of individuals bound by a group guarantee. Under this arrangement, each member of the group supports one another and is responsible for paying back the loans of their fellow group members if someone is delinquent or defaults. Learn more
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Journal entries for Obotantim Group
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Loan has been disbursed
Location: Sefwi Wiawso, Ghana
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Posted by
from Sefwi Wiawso, Ghana
Jul 22, 2009 |
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Comment on this entry
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Repayment Schedule for Obotantim Group
Repayment Schedule for Obotantim Group
| Expected Repayments | Actual Repayments | Comments | |||
|---|---|---|---|---|---|
| October 2009 | $200.00 | $200.00 |  Repayment Received
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| November 2009 | $200.00 | $200.00 | Repayment Received
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| December 2009 | $200.00 | $200.00 | Repayment Received
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| January 2010 | $200.00 | Available Jan 1 | |||
| February 2010 | $200.00 | Available Feb 1 | |||
| March 2010 | $200.00 | Available Mar 1 | |||
| April 2010 | $200.00 | Available Apr 1 | |||
| May 2010 | $200.00 | Available May 1 | |||
| June 2010 | $200.00 | Available Jun 1 | |||
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