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Bo Woho Mmoden Group
In this Group: Margaret, Ama, Kwasi, Adinoa, Rebecca, Emelia, Akosua, Afia
Margaret is 65 years old. She is divorced and a mother with three children. All of her children are now independent, but she occasionally takes care of her grandchildren when her children are on vacation. She operates a drinking spot where she sells all kinds of soft drinks such as canned malts, and canned and bottled drinks like Coke, Pepsi etc. She is an achiever and her focus is to save enough to provide for her business. She has been running the drinking spot for five years now, and she needs the loan to buy assorted drinks to upgrade her inventory. She would be grateful for your assistance.


Margaret is the leader of a trust bank group called 'Bo Woho Mmoden' which literary means 'strive in life'. She is the one standing second from the left in the group photograph. Most of the members of this group are petty traders and food sellers, respectively. In this group, members guarantee one another as social collateral to access the loan and provide peer pressure to repay the loan.

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
  • 22
    View loans »
    Ghana Loans Fundraising
  • $11,565,250
    Funds lent in using Kiva
  • 1.4
    Ghana Cedis (GHS) = $1 USD

Success!! The loan was 100% repaid

A portion of Bo Woho Mmoden Group's $3,175 loan helped a member to buy assorted drinks like Coke, Pepsi and canned drinks to upgrade her inventory.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 28, 2009
Listed
Jan 5, 2010
Currency Exchange Loss:
Possible
Ended:
Sep 2, 2010