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Asomdwehene 2 Group
In this Group: Angelina, Afia, Grace, Francis, Yaa, Gladys, Margaret
Angelina is 29 years old and the group leader. She is a divorced mother with four children. Currently all her children attend school in the community where they live. She sells smoked fish and started in this business six years ago at the local community market. She buys stock from Takoradi in the Western Region of Ghana. She serves her customers very tasty and high quality fish and, because of the quality, many customers buy from her stand. She buys stocks of fish from the fishmongers occasionally, when demand is high. She has a large customer base as a result of her moderate prices and her pleasant disposition towards her customers. She is requesting a loan to upgrade her stock of fishes. She aspires to give her children quality education through the proceeds from the business and she would be grateful for your support.

She is the leader of a trust bank group called ‘Asomdwehene 2’ which literary means 'prince of peace.' She is the one sitting 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 vouch for one another as social collateral to access the loan and apply 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
  • 32
    View loans »
    Ghana Loans Fundraising
  • $11,330,050
    Funds lent in using Kiva
  • 1.5
    Ghana Cedis (GHS) = $1 USD

Success!! The loan was 100% repaid

A portion of Asomdwehene 2 Group's $2,350 loan helped a member to upgrade her stock of fishes.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 16, 2009
Listed
Aug 1, 2009
Currency Exchange Loss:
Possible
Ended:
May 25, 2010