Jah Bless Group


Status: Paying Back

$1,725.00   Loan Amount
16% repaid

About the Group

(For privacy reasons, the Field Partner has requested that last names be undisclosed)
Group Name: Jah Bless Group
Group Members: rebecca
vida
sophia
ernestina
leticia
Location: Sefwi Wiawso, Ghana
Activity: Clothing Sales

About the Loan

Loan Amount: $1,725.00
Loan Use: To buy stock
Repayment Term: 8 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Sep 14, 2009
Date Disbursed: Sep 1, 2009
Date Funded:Oct 5, 2009

About the Country

Country:Ghana
Avg Annual Income:$2,643.00
Currency:Ghana Cedis (GHS)
Exchange Rate:1.4555 GHS = 1 USD




Rebecca is thirty – nine years old. She is divorced and has give birth to three children, all in school. She lives with her children in a rented apartment in a town called Wiawso in the Western Region of Ghana. Wiawso is a commercial and farming town. Rebecca is a trader. She trades in textile materials. She is the leader of a trust bank group called Jah Bless. The group members are engaged either in farming and/or trading activities. They sell/supply in their local market and nearby communities. They sometimes trek to nearby community markets. They want a loan to buy goods in bulk 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 Jah Bless Group


Loan has been disbursed
 
Entrepreneur: Jah Bless Group
Location: Sefwi Wiawso, Ghana

Thank you for your loan. It has been disbursed to Jah Bless Group, consisting of rebecca, vida, sophia, ernestina, leticia 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 Sefwi Wiawso, Ghana
Oct 6, 2009
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Kiva Help Repayment Schedule for Jah Bless Group

  Expected Repayments Actual Repayments Comments
December 2009 $287.50 $287.50 Repayment Received
January 2010 $287.50 Available Jan 1  
February 2010 $287.51 Available Feb 1  
March 2010 $287.50 Available Mar 1  
April 2010 $287.50 Available Apr 1  
May 2010 $287.49 Available May 1