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Famous Group
In this Group: Josephine, Francis, Esi, Janet, Alex
Josephine is 38 years old. She is divorced and has given birth to two children, both in school. She lives with her children in a rented apartment in a tourist attraction community in the central region of Ghana. The community is one of the coastal towns in the country. As a result, the major occupation of the people is fishing. Josephine trades in printed fabrics. She is the leader of a trust bank group called Famous. The members of the group are mainly into fishing and other commercial activities. They request a loan to procure goods in bulk to expand their businesses. It is their desire to give their children the best education they can afford. Josephine is in the middle of the photograph.

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
  • 32
    View loans »
    Ghana Loans Fundraising
  • $11,973,075
    Funds lent in using Kiva
  • 1.4
    Ghana Cedis (GHS) = $1 USD

Success!! The loan was 100% repaid

A portion of Famous Group's $1,775 loan helped a member to buy stock.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Dec 9, 2009
Dec 17, 2009
Currency Exchange Loss:
Sep 2, 2010