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Akoma Kor Group
In this Group: Louisa, Cecilia, Sabina, Esi, Aba, Janet, Mariama
Louisa is a 43-year-old married mother of four children. All of her children are in school. She lives with her husband and children in a rented apartment in a mostly commercial community. Louisa is a professional caterer. She takes orders and prepares food for clients. She is the leader of a trust bank group called ‘Akoma kor’, literally meaning one heart. The members of the group are mainly traders. They are hard working, trust themselves and want the loan to invest in their businesses. Louisa is standing at the back in 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

  • $2,643
    Average annual income
  • 40
    View loans »
    Ghana Loans Fundraising
  • $11,344,450
    Funds lent in using Kiva
  • 1.4
    Ghana Cedis (GHS) = $1 USD

Success!! The loan was 100% repaid

A portion of Akoma Kor Group's $2,425 loan helped a member to buy ingredients.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 28, 2009
Listed
Jan 6, 2010
Currency Exchange Loss:
Possible
Ended:
Sep 2, 2010