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Adom Ahenwa Trust Group
In this Group: Kenneth, Simon, Kwadwo, Agnes, Mary, Beatrice, Adwoa, Mary, Elizabeth
Kenneth is a hard-working man and resourceful on behalf of his family. He is married to a petty trader who sells cereals and together they have four children who are from age 2-12. He is also a trader who purchases brand-new motorcycles from importers and sells them to customers. Motorcycles are one of the most common means of transport in the middle and northern parts of Ghana, hence selling motorcycles is a lucrative job for traders. He also purchases cows from the northern part of the country and sells them to butchers and restaurant operators. Kenneth and his wife want to make sure they are financially able to support all their children through university education.

Kenneth is currently the leader of a trust bank group called “Adom Ahenwa”, (translated as 'The Seat of Grace'), made up of nine members. The other members are engaged in trades such as manufacturing, baking, grocery sales, used clothing sales etc. They are the major bread winners of their respective families and are requesting a loan to support their businesses. Their common dream is to be financially self sustaining and to be able to support their children through quality education.

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
  • 20
    View loans »
    Ghana Loans Fundraising
  • $11,220,300
    Funds lent in using Kiva
  • 1.4
    Ghana Cedis (GHS) = $1 USD

Success!! The loan was 100% repaid

A portion of Adom Ahenwa Trust Group's $3,050 loan helped a member to purchase motorbikes and cow for resale.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 8, 2010
Listed
Apr 30, 2010
Currency Exchange Loss:
Possible
Ended:
Dec 18, 2010