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Yesom Awurade Group
In this Group: Beatrice, Adwoa , Yaa, Hannah, Gladys, Akua, Abena, Akua, Yaa
Beatrice is thirty years old she is married and mother with five children. She has three of the children who are currently in school. She is a trader in palm nuts fruits. Palm nut fruits are used to produce almost all cooking oil in the country and beyond. She takes stock from the farmers and supply to the big companies for further production. She wants to use the loan to buy more bags of palm nuts to increase and to boost sales. She believes this will help expand her business to raise more income to support her husband, to provide food for her family and finance her children’s education.

She is the leader of a trust bank group called ‘Yesom Awurade’ which literary means ‘We are serving God’. 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

  • $3,500
    Average annual income
  • 38
    View loans »
    Ghana Loans Fundraising
  • $11,598,000
    Funds lent in using Kiva
  • 1.5
    Ghana Cedis (GHS) = $1 USD

Success!! The loan was 100% repaid

A portion of Yesom Awurade Group's $3,450 loan helped a member to buy more bags of palm nuts to increase her sales.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 21, 2009
Listed
Sep 2, 2009
Currency Exchange Loss:
Possible
Ended:
Apr 15, 2010