Savior Group

Status: Paying Back

$2,000.00		Loan Amount

16% repaid

About the Group

(For privacy reasons, the Field Partner has requested that last names be undisclosed)

Group Name:	Savior Group
Group Members:	Ama Akosua Akosua Yaa Afia
Location:	Konongo, Ghana
Activity:	Soft Drinks

About the Loan

Loan Amount:	$2,000.00
Loan Use:	To buy assorted drinks like Coke, Pepsi and canned drinks to upgrade her inventory.
Repayment Term:	9 months - View details below
Lenders Repaid:	Monthly
Currency Exchange Loss:	Possible
Date Listed:	Oct 1, 2009
Date Disbursed:	Aug 21, 2009
Date Funded:	Oct 4, 2009

About the Field Partner

Field Partner:

Sinapi Aba Trust (SAT)

Field Partner Risk Rating:

(Learn more)

Active

24 months

5521

$2,890,550

0.00%

0.00%

Currency Exchange Loss Rate:

0.00%

About the Country

Country:	Ghana
Avg Annual Income:	$2,643.00
Currency:	Ghana Cedis (GHS)
Exchange Rate:	1.4582 GHS = 1 USD

Ama is 47 years old and she is a widowed mother with four children. Two of her children are in school. She operates a drinking spot where she sells all kinds of drinks such as soft drinks, canned malts, canned and bottle drinks, etc. She is an achiever and her focus is to save enough to provide for her business and to provide the children with quality education, but she claims that without adequate funds, it won’t be possible to realize that dream. She has been running the drinking spot for six years now. She needs the loan to buy assorted drinks like Coke, Pepsi and canned drinks to upgrade her inventory. She would be grateful for your assistance.

She is the leader of a trust bank group called ‘Savior’. She is the one sitting in the group photograph. Most of the members of this group are petty traders, food vendors and farmers etc. In this group, members guarantee for one another as social collateral to access the loan and peer pressure to repay 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 Savior Group

Loan has been disbursed Entrepreneur: Savior Group Location: Konongo, Ghana Thank you for your loan. It has been disbursed to Savior Group, consisting of Ama, Akosua, Akosua, Yaa, Afia by Sinapi Aba Trust (SAT) in Ghana. We are excited to watch this business grow. Over the 6 months of this loan, Sinapi Aba Trust (SAT) will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.
Posted by from Konongo, Ghana Oct 5, 2009
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Repayment Schedule for Savior Group

Show Advanced

	Expected Repayments	Actual Repayments	Comments
December 2009	$333.33	$333.33	Repayment Received
January 2010	$333.33	Available Jan 1
February 2010	$333.33	Available Feb 1
March 2010	$333.33	Available Mar 1
April 2010	$333.34	Available Apr 1
May 2010	$333.34	Available May 1