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Awurade Wope Enyeho Group
In this Group: Grace, Theresa, Ama, Ama, Diana, Margaret, Grace
Grace is a 21 years old local restaurant operator she is single and has no child. She started her operations three years ago. She prepares and sells local foods like fufu, banku and other local dishes. Fufu is prepared from pounded cassava and plantain, taken with all kinds of soup. Banku is prepared from milled maize grains and it is taken with hot pepper or soup. With her tasty meals she has attracted lots of customers in the area where she served. Therefore it has become necessary to employ additional hands to assist her in food delivering service. She says prices of raw materials have gone up significantly and she needs the support of a loan to enable her meet her production expenditure. With the loan, she wants to purchase more raw materials like bags of maize, baskets of cassava, plantain, meat, fish, vegetables and firewood to prepare his meals. She would be grateful for that assistance.

She is the leader of a trust bank group called ‘Awurade Wope Enyeho’ which literary means ‘God let your will be done’. She is the one sitting in the group photograph. Most of the members of this group are petty traders, food vendors and farmers 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
  • 7
    View loans »
    Ghana Loans Fundraising
  • $10,839,425
    Funds lent in using Kiva
  • 1.5
    Ghana Cedis (GHS) = $1 USD

Success!! The loan was 100% repaid

A portion of Awurade Wope Enyeho Group's $2,400 loan helped a member to buy raw materials like maize, cassava, plantain, meat, fish, vegetables and firewood.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 11, 2009
Listed
Aug 28, 2009
Currency Exchange Loss:
Possible
Ended:
Mar 26, 2010