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Biako Ye Group
In this Group: Margaret, Saratu , Rose, Paulina, Gladys
Margaret is thirty nine years old. She is married and has given birth to five children. Margaret is a baker. She bakes bread and supplies it to retailers and beverage sellers.

Margaret is also the leader of a trust bank group called ‘Biako Ye’ which literally means "oneness". The members of this group are mostly traders, food vendors or farmers. They buy their raw materials, wares or goods from Kumasi and sometimes from other nearby communities. They then sell them at the market square in the community they live in. Some of them trek to other towns to sell on their market days as well. The members have been in business for sometime and have amassed a great deal of experience in their businesses.

Group members provide a guarantee for one another as collateral to access the loan. They are requesting this loan to procure more goods and raw materials to be able to expand their businesses.

Additional Information

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.

About Ghana

  • $3,500
    Average annual income
  • 38
    View loans »
    Ghana Loans Fundraising
  • $11,593,600
    Funds lent in using Kiva
  • 1.5
    Ghana Cedis (GHS) = $1 USD

Success!! The loan was 100% repaid

A portion of Biako Ye Group's $1,750 loan helped a member to buy more supplies to expand their business.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Jul 7, 2009
Jul 13, 2009
Currency Exchange Loss:
Mar 4, 2010