Good Shepherd Group

Status: Paying Back

$1,050
Loan Request
Pre-Disbursed : Nov 5, 2009
Listed: Nov 12, 2009
Funded: Nov 21, 2009
16% repaid

About the Country

Country:Ghana
Avg Annual Income:$2,643
Currency:Ghana Cedis (GHS)
Exchange Rate:1.4300 GHS = 1 USD


In this Group:
Florence, comfort, clifford

About the Loan

(For privacy reasons, the Field Partner has requested that last names be undisclosed)
Location: Kade, Ghana   Repayment Term: 8 months
(more info)
Activity: Clothing Sales   Repayment Schedule: Monthly
Loan Use: To buy inventory for her business   Currency Exchange Loss: Possible
      Default Protection: Covered
Florence is forty-eight years old. She is widowed and has given birth to three children. All of her children are in school. She lives with her children in a rented apartment in Kade. Kade is a farming/commercial town in the Eastern Region of Ghana.



Florence is a petty trader. She sells printed textile goods. Florence is the leader of a trust bank group called 'Good Shepherd'. Most of the group members are either into sales or farming activities. The group requests a loan to procure goods in bulk to expand their businesses. Florence, the group leader, is seated in the photograph. It is their desire to give their children the best education they can afford.




About Group Loans
In a group loan, each member of the group receives an individual loan but is part of a group of individuals bound by a group guarantee. Under this arrangement, each member of the group supports one another and is responsible for paying back the loans of their fellow group members if someone is delinquent or defaults. Learn more


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Journal entries for Good Shepherd Group


Loan to Florence
comfort
clifford in Ghana has been 100% funded
 
Entrepreneur: Good Shepherd Group
Location: Kade, Ghana

Thanks to you and 29 other Kiva Lenders, the 1050.00 loan requested by Florence
comfort
clifford in Ghana has been 100% funded. The loan will be used for the purpose of: To buy inventory for her business.

Over the months of this loan, Kiva’s Field Partner in Ghana, Sinapi Aba Trust (SAT), will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Kade, Ghana
Nov 21, 2009
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Kiva Help Repayment Schedule for Good Shepherd Group

  Expected Repayments Actual Repayments Comments
February 2010 $175.00 $175.00 Repayment Received
March 2010 $175.00 Available Mar 1  
April 2010 $175.00 Available Apr 1  
May 2010 $175.00 Available May 1  
June 2010 $175.00 Available Jun 1  
July 2010 $175.00 Available Jul 1