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Genodi Group
In this Group: Monica, Comfort, Esther, Agnes , Cecilia, Akosua, Matilda, Akua, Comfort, Afia, Victoria, Comfort
Monica is 42 years old. She is a divorced mother of two boys who are currently in school. She is a resourceful mother who works very hard to provide food and support for her business. She is a petty trader and sells at the community market square; she enjoys selling, a business through which she makes a living. She sells items like cooking oil, pepper, spices, etc. on top of a table in the market. She takes stock of goods from the Kumasi central market (which is a nearby city) and her surrounding communities for the vegetables. She is requesting a loan to upgrade her inventory. She would be grateful for your assistance.

She is the leader of a trust bank group called ‘Genodi’ which literary means believe in Him (God). She is the one in front in the group 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.

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
  • 31
    View loans »
    Ghana Loans Fundraising
  • $11,122,525
    Funds lent in using Kiva
  • 1.5
    Ghana Cedis (GHS) = $1 USD

Success!! The loan was 100% repaid

A portion of Genodi Group's $4,075 loan helped a member to buy items in order to upgrade her inventory.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 16, 2009
Listed
Jul 24, 2009
Currency Exchange Loss:
Possible
Ended:
May 25, 2010