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Friends Group
In this Group: Yaa, Comfort, Patience, Elizabeth, Abena
Yaa is 34 years old she is married and has given birth to four children. All are currently schooling. She trades in plastic materials like plates, buckets, bowls, cooking utensils etc. for three years now. For the cooking utensils she sells through hawking that is door to door selling. She has lots of marketing experienced, and it has helped her in her business growth. Demand for her goods is booming on a straight path and she sells during the market days. She requests for the loan facility to augment her working capital to buy more stock of cooking utensils and plastic materials to sell. She believes the loan will enable her to raise more income to support her family.

She is the leader of a trust bank group called ‘Friends’. She is the one sitting in the group photograph. Most of the members of this group are petty traders, food vendors etc. 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

  • $2,643
    Average annual income
  • 19
    View loans »
    Ghana Loans Fundraising
  • $11,141,550
    Funds lent in using Kiva
  • 1.5
    Ghana Cedis (GHS) = $1 USD

Success!! The loan was 100% repaid

A portion of Friends Group's $2,000 loan helped a member to buy more stock of cooking utensils and plastics bowls.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 11, 2009
Listed
Aug 25, 2009
Currency Exchange Loss:
Possible
Ended:
Mar 26, 2010