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Akoma Group
In this Group: Ama , Agnes, Akua
Ama is 35 years old, married and the mother of four children. Three are currently in school and her last-born is still breastfeeding. She is a food vendor and serves food like waakye. Waakye is prepared from local rice grains and mixed with beans. Many Ghanaians enjoy it as it has local taste and standard. She says demand for food is on the higher side but she does not have adequate funds for expansion. She has been in food production for two years now, which helps in taking care of the family. She wants to use the loan to buy meat, rice and vegetables to increase her efficiency to produce in larger quantities. She believes this will help expand her business to raise more income to support her children's educational needs. She would be grateful for the assistance.

She is the leader of a trust bank group called "Akoma," which means heart. She is the one sitting in the middle in the group photograph. The members of 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.

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
  • 6
    View loans »
    Ghana Loans Fundraising
  • $10,855,125
    Funds lent in using Kiva
  • 1.4
    Ghana Cedis (GHS) = $1 USD

Success!! The loan was 100% repaid

A portion of Akoma Group's $1,200 loan helped a member to buy more bags of rice, vegetables, beans, meat, firewood, etc.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 5, 2009
Listed
Nov 10, 2009
Currency Exchange Loss:
Possible
Ended:
Jun 15, 2010