Ahobrasie Group

Status: Paying Back

$3,400
Loan Request
Pre-Disbursed : Jul 7, 2009
Listed: Jul 20, 2009
Funded: Aug 9, 2009
55% repaid

About the Country

Country:Ghana
Avg Annual Income:$2,643
Currency:Ghana Cedis (GHS)
Exchange Rate:1.5017 GHS = 1 USD


In this Group:
Kwame, Mary , Sarah, Comfort, Cecilia, Willentina, Faustina, Doris, Georgina, Adwoa

About the Loan

(For privacy reasons, the Field Partner has requested that last names be undisclosed)
Location: Sefwi Wiawso, Ghana   Repayment Term: 11 months
(more info)
Activity: Retail   Repayment Schedule: Monthly
Loan Use: To buy engine oil, grease, kerosene, etc.   Currency Exchange Loss: Possible
      Default Protection: Covered
Kwame works very hard to bring food and joy to his family. He sells engine oil, kerosene and grease. He has been in business for the last eight years. He supplies villages where there is no hydroelectric power. He is 37 years old, married and the father of three children. All his children are currently in school. Kwame has purchased a portion of land to build a house. He requests a loan to buy engine oil, grease and kerosene, etc. in bulk. With this loan, he believes he can save enough money to support his children in school.


Kwame is the leader of a trust bank group called ‘Ahobrasie’ which literally means ‘Humility’. He is the one sitting in front of the group in the photograph. Most of the members of this group are petty traders, food vendors and/or farmers. In this group, members guarantee for one another as social collateral to access the loan and there is peer pressure to repay the loan.





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 Ahobrasie Group


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

Thank you for your loan. It has been disbursed to Ahobrasie Group, consisting of Kwame, Mary , Sarah, Comfort, Cecilia, Willentina, Faustina, Doris, Georgina, Adwoa by Sinapi Aba Trust (SAT) in Ghana. We are excited to watch this business grow. Over the 9 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
Aug 10, 2009
Comments (2)

Kiva Help Repayment Schedule for Ahobrasie Group

  Expected Repayments Actual Repayments Comments
October 2009 $377.78 $377.78 Repayment Received
November 2009 $377.78 $377.78 Repayment Received
December 2009 $377.78 $377.78 Repayment Received
January 2010 $377.78 $377.78 Repayment Received
February 2010 $377.78 $377.78 Repayment Received
March 2010 $377.78 Available Mar 1  
April 2010 $377.78 Available Apr 1  
May 2010 $377.78 Available May 1  
June 2010 $377.76 Available Jun 1