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Regina's Group
In this Group: Regina, Charity, Mary, Faustina, Mary, Mary
Regina is 36 years old and a married mother of three children. Two of her children are currently with their father in Cote d’Ivoire, which is Ghana’s neighboring country, while she takes care of the lastborn here in Ghana. For the last eight years, Regina has run a business selling lingerie for women, such as bras, panties, etc., and it is very profitable. She takes delivery of stock from Accra and sells it in smaller quantities through hawking. She wants to use her loan to buy bales of lingerie and jeans materials to increase her inventory and sales as we celebrate Christmas. She believes this loan will help her save some money to start paying her utility bills and part of the children’s school fees.

Regina is the leader of a trust bank group called ‘Oyerepa’, which means 'good wife'. She is pictured standing third from right in the group photograph. Most of the members of this group are petty traders, grocery shop operators, or food vendors. In this group, members guarantee for one another as social collateral to access the loan and peer pressure to repay the loan. The group 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
  • 26
    View loans »
    Ghana Loans Fundraising
  • $11,131,775
    Funds lent in using Kiva
  • 1.4
    Ghana Cedis (GHS) = $1 USD

Success!! The loan was 100% repaid

A portion of Regina's Group's $2,400 loan helped a member to buy bales of lingerie and jeans materials.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 23, 2009
Listed
Jan 1, 2010
Currency Exchange Loss:
Possible
Ended:
Sep 2, 2010