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Holiness Group
In this Group: Theresa, Bernice, Leticia, Felicia, Faustina, Mary, Felicia
Theresa is 52 years old. She is divorced with two children. Her elder daughter is a trader while her last-born just completed senior high school and is waiting for her results to further her education. As a single mother, Theresa works hard to provide support for her household. She claims things are very difficult, but she has the hope that soon things will turn for her good. She is a trader who has traded in shoes, women's slippers and dressing bags for the past 20 years. She takes delivery of stock from Accra, the capital town of Ghana. She requests a loan to augment her working capital to buy more stock of shoes, slippers and dressing bags 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 "Holiness." She is the one sitting in the group photograph. Most of the members in this group are petty traders, food vendors and farmers. In this group, members guarantee for one another as social collateral to access the loan and peer pressure to repay the loan. They would be grateful for your support.

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
  • 42
    View loans »
    Ghana Loans Fundraising
  • $11,736,650
    Funds lent in using Kiva
  • 1.5
    Ghana Cedis (GHS) = $1 USD

Success!! The loan was 100% repaid

A portion of Holiness Group's $2,750 loan helped a member to buy more stock of shoes, slippers and dressing bags.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Aug 11, 2009
Sep 1, 2009
Currency Exchange Loss:
Mar 26, 2010