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Nokwaredie Group
In this Group: Agnes, Martha, Mercy, Yaa, Hannah, Gladys, Charity
Agnes is 55 years old she is married and the mother of six children. Two of her children are in school whiles the rest are working. She is very resourceful to her family in provision of food and payment of bills. She is a farmer, food vendor and sells kenkey with fried fish taking with pepper spice. She sells kenkey in the mornings and in the afternoon. Kenkey is prepared from milled maize grains, cooked and taken with hot pepper and fried fish. She has many customers since many Ghanaian enjoy kenkey as breakfast, lunch and supper. She wants to use the loan to buy more raw materials like bags of maize, meat, fish, vegetables and firewood. She hopes to increase her savings to support her children’s education.

She is the leader of a trust bank group called ‘Nokwaredie’ which literary means ‘Truthfulness’. 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
  • 22
    View loans »
    Ghana Loans Fundraising
  • $11,214,150
    Funds lent in using Kiva
  • 1.5
    Ghana Cedis (GHS) = $1 USD

Success!! The loan was 100% repaid

A portion of Nokwaredie Group's $2,425 loan helped a member to buy more raw materials like bags of maize, meat, fish, vegetables and firewood.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 21, 2009
Listed
Sep 3, 2009
Currency Exchange Loss:
Possible
Ended:
Apr 15, 2010