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St. Theresa Group
In this Group: Ernestina, Janet, Theresa, Elizabeth, Beatrice
Ernestina is 38 years old. She is married and has given birth to four children. All of her children are in school. She lives with her husband and children in a rented apartment in Kade. Kade is a farming/commercial town in the Eastern Region of Ghana. Ernestina is a trader. She runs a provision store. She is the leader of a trust bank group called St. Theresa. Most of the group members are either into trading and or farming activities. The group requests a loan to procure goods in bulk to expand their businesses. Ernestina, the group leader is seated in the photograph. It is their desire to give their children the best education they can afford.

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
  • $11,603,250
    Funds lent in using Kiva
  • 1.4
    Ghana Cedis (GHS) = $1 USD

Success!! The loan was 100% repaid

A portion of St. Theresa Group's $1,750 loan helped a member to buy more stock.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 5, 2009
Listed
Nov 12, 2009
Currency Exchange Loss:
Possible
Ended:
Jun 15, 2010