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Galilee Group
In this Group: Beatrice, Diana, Esi, Esi, Joyce, Charity
Beatrice is twenty–six years old. She is married and has given birth to two children who are both in school. She lives with her husband and children in a rented apartment in Takoradi. Takoradi is along the coastal area in the western region of Ghana. Fishing is the major occupation of the people in the region. Beatrice is a food vendor. She makes income mainly from this business to support her family. She is the leader of a village trust bank group called Galilee. The members are all traders and food vendors who support their families through these businesses. They want to use the loan to purchase stock in bulk to avoid price hikes and also cut down on frequent travels. They are expecting to make higher profits this season to help pay their kids school fees. Your support would enable them grow their businesses.

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
  • 34
    View loans »
    Ghana Loans Fundraising
  • $11,572,300
    Funds lent in using Kiva
  • 1.4
    Ghana Cedis (GHS) = $1 USD

Success!! The loan was 100% repaid

A portion of Galilee Group's $2,125 loan helped a member to purchase stock in bullk.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 2, 2009
Listed
Jan 5, 2010
Currency Exchange Loss:
Possible
Ended:
Sep 2, 2010