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Kings Way Group
In this Group: Rakia, Alice, Shafatu, Hawa, Afisatu, Mugabi, Abubakar
Rakia is 25 years old, married, and the mother of two children. Currently, all her children attend school. She sells smoked fish, which she started doing three years ago, in the community where she lives. Rakia prepares and serves her customers with very tasty and good quality fish, and because of that many customers buy from her stand. She buys stocks of fishes from the fish mongers in the Brong Ahafo region of Ghana. She has a high customer base, and the customers travel from the other part of the surrounding communities to buy her fish. She is requesting a loan to upgrade her stock of fish. She dreams of giving her children a quality education. So do the other members.

She is the leader of a trust bank group called ‘Kings Way’. She is the one sitting in the middle in the group photograph. Most of the members of this group are small traders, food vendors, and farmers respectively. In this group, members guarantee for one another as social collateral to access the loan and peer pressure to repay the loan. They would be grateful for your assistance.

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
  • 19
    View loans »
    Ghana Loans Fundraising
  • $11,215,975
    Funds lent in using Kiva
  • 1.4
    Ghana Cedis (GHS) = $1 USD

Success!! The loan was 100% repaid

A portion of Kings Way Group's $2,675 loan helped a member to buy more stock of smoked fish and dried fish.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 24, 2009
Listed
Dec 28, 2009
Currency Exchange Loss:
Possible
Ended:
Sep 2, 2010