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Asaase Wura Group
In this Group: Theresa, Kate, Kwabena, Ishmeal, Alhassan, Akosua
Theresa is forty years old. She is married and has given birth to two children. She is a petty trader. She sells jewelry. She hawks her wares in her community and treks to other towns to sell as well. Theresa is the leader of a trust bank group called ‘Asaase Wura’ which literally means 'land owner'. She is seated first from the right in the group photograph.



Most of the members of this group are petty traders, food vendors, and/or farmers. They work to help their spouses provide for their families. They buy their raw materials or goods from other towns and sometimes from nearby communities and sell them at the local market square. 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. They are therefore asking for the loan to help them procure more goods 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

  • $2,643
    Average annual income
  • 8
    View loans »
    Ghana Loans Fundraising
  • $10,839,425
    Funds lent in using Kiva
  • 1.5
    Ghana Cedis (GHS) = $1 USD

Success!! The loan was 100% repaid

A portion of Asaase Wura Group's $2,225 loan helped a member to buy merchandise for resale.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 7, 2009
Listed
Jul 16, 2009
Currency Exchange Loss:
Possible
Ended:
Mar 4, 2010