Yie Die Group
Status: Paying Back
| $3,100.00 | Loan Amount |
|---|
16% repaid
About the Group
(For privacy reasons, the Field Partner has requested that last names be undisclosed)| Group Name: | Yie Die Group |
|---|---|
| Group Members: |
christiana dora doris jacqueline adwoa hannah ama akua akosua |
| Location: | Konongo, Ghana |
| Activity: | Bakery |
About the Loan
| Loan Amount: | $3,100.00 |
|---|---|
| Loan Use: | To buy stock |
| Repayment Term: | 8 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | Possible  |
| Date Listed: | Sep 10, 2009 |
| Date Disbursed: | Sep 1, 2009 |
| Date Funded: | Sep 28, 2009 |
About the Field Partner
About the Field Partner
|
|
| 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: | 1.4550 GHS = 1 USD |
Christiana is fifty – five years old. She is married and has given birth to six children, all in school. She works hard to support her husband to provide for the family. She is the leader of a trust bank group called ‘Yie Die’, meaning success. The members of the group are engaged in commercial activities such as food vending, provision selling, clothes selling, etc. Some of them hawk to sell their products while others trek to nearby communities to sell on their market days.
They procure their stocks from Kumasi and nearby towns. The experience some of these traders have amassed over the years has given them the urge to expand their businesses, hence the need for the loan to buy goods in bulk to realize this dream. The group leader, Christiana is seated in the photograph.
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
They procure their stocks from Kumasi and nearby towns. The experience some of these traders have amassed over the years has given them the urge to expand their businesses, hence the need for the loan to buy goods in bulk to realize this dream. The group leader, Christiana is seated in the photograph.
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 Yie Die Group
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Loan has been disbursed
Location: Konongo, Ghana
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Posted by
from Konongo, Ghana
Sep 29, 2009 |
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Comment on this entry
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Repayment Schedule for Yie Die Group
Repayment Schedule for Yie Die Group
| Expected Repayments | Actual Repayments | Comments | |||
|---|---|---|---|---|---|
| December 2009 | $516.67 | $516.67 |  Repayment Received
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| January 2010 | $516.66 | Available Jan 1 | |||
| February 2010 | $516.67 | Available Feb 1 | |||
| March 2010 | $516.67 | Available Mar 1 | |||
| April 2010 | $516.66 | Available Apr 1 | |||
| May 2010 | $516.67 | Available May 1 | |||
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