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Kroye Ne Odo Group
In this Group: Esther, Savanna, Rose, Faustina, Georgina, Madelina
Esther is thirty-eight years old. She is married and has given birth to two children. She is a trader in textile materials, which she hawks and treks to sell. Esther is the leader of a trust bank group called "Kroye ne odo," which literally means "unity and love." She is the woman wearing glasses in the group photograph.


Most of the members of this group are traders, food vendors, or farmers. They work to support their spouses and to provide for their families. They buy their raw materials, wares, or goods from other towns and nearby communities and sell at the local market square. Some of them also go 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. They are therefore asking for a loan to help them procure more goods to expand their businesses. It is the heartfelt desire of the group members to give their children the best education they can afford.

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
  • 6
    View loans »
    Ghana Loans Fundraising
  • $10,847,300
    Funds lent in using Kiva
  • 1.5
    Ghana Cedis (GHS) = $1 USD

Success!! The loan was 100% repaid

A portion of Kroye Ne Odo Group's $2,350 loan helped a member to buy stock.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 7, 2009
Listed
Jul 17, 2009
Currency Exchange Loss:
Possible
Ended:
Mar 4, 2010