Halleluiah Group
Status: Paying Back
| $1,875.00 | Loan Amount |
|---|
About the Group
(For privacy reasons, the Field Partner has requested that last names be undisclosed)| Group Name: | Halleluiah Group |
|---|---|
| Group Members: |
Joseph Regina Mary Comfort Beatrice |
| Location: | Bibiani, Ghana |
| Activity: | Arts |
About the Loan
| Loan Amount: | $1,875.00 |
|---|---|
| Loan Use: | To buy stock |
| Repayment Term: | 11 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | Possible  |
| Date Listed: | Jul 24, 2009 |
| Date Disbursed: | Jul 16, 2009 |
| Date Funded: | Jul 24, 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: | 5502 |
| Total Loans: | $2,878,850 |
| 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: | 1.4993 GHS = 1 USD |
They buy their raw materials, wares, or goods from Kumasi, and sometimes from nearby communities, and sell at the market square in their community. Some of them trek to other towns to sell on their market days as well. The members have been in business for some time and have amassed a great deal of experience in their businesses. In this group, the members guarantee for one another as collateral to access the loan. They are requesting the loan to procure more goods, to be able to expand their businesses.
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 Halleluiah Group
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Loan has been disbursed
Location: Bibiani, Ghana
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Posted by
from Bibiani, Ghana
Jul 25, 2009 |
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Comment on this entry
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Repayment Schedule for Halleluiah Group
Repayment Schedule for Halleluiah Group
| Expected Repayments | Actual Repayments | Comments | |||
|---|---|---|---|---|---|
| October 2009 | $208.33 | $208.33 |  Repayment Received
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| November 2009 | $208.34 | $208.34 | Repayment Received
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| December 2009 | $208.33 | $208.33 | Repayment Received
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| January 2010 | $208.33 | Available Jan 1 | |||
| February 2010 | $208.33 | Available Feb 1 | |||
| March 2010 | $208.34 | Available Mar 1 | |||
| April 2010 | $208.33 | Available Apr 1 | |||
| May 2010 | $208.33 | Available May 1 | |||
| June 2010 | $208.34 | Available Jun 1 | |||
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