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Good Name Group
In this Group: Adwoa , Yaa, Monica, Francisca
Adwoa is 37 years old. She is married and the mother of four children, and she has all her children in school. She sells food stuffs like rice, beans and plantains, etc., in the local market in her community. She has been selling for the past five years now, and she has lots of selling experience to win customers. She is an achiever and her focus is to save enough to strengthen her and the kids' education. She wants to use the loan to buy increased stock of rice, yams, beans, cooking oil and plantains to serve her customers. She would be grateful for that assistance.

She is the leader of a trust bank group called ‘Good Name’. She is the one sitting second from left 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 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

  • $3,500
    Average annual income
  • 37
    View loans »
    Ghana Loans Fundraising
  • $11,603,250
    Funds lent in using Kiva
  • 1.5
    Ghana Cedis (GHS) = $1 USD

Success!! The loan was 100% repaid

A portion of Good Name Group's $1,375 loan helped a member to buy increased stock of cassava, plantains, maize, beans, gari, etc.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 11, 2009
Listed
Aug 15, 2009
Currency Exchange Loss:
Possible
Ended:
Jun 15, 2010