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Friends Trust Bank Group
In this Group: Grace, Patricia, Mary, Gladys, Ama, Grace, Ama, Yaa, Agnes, Rose
Grace A. calls herself a responsible and honest trader who buys maize at Mampong to sell at the Kumasi central market. She has been in this business for the past 15 years and hopes to secure silos at Mampong some day so she can buy maize at harvest time when prices are cheap and store it in the silos. According to her, she will supply maize to second cycle schools when the prices go up. Through this, Grace believes that she will be able to support her children's education to the university level.

Grace is the leader of 'Friends' trust bank group and she says they have known each other since childhood days hence the name 'Friends'. They are 10 in number and she was elected as group leader because she is a unifier. Members of the group are into the sale of maize, yams, beans and chop bar operation. All the group members plan to use the loan to grow their businesses so they can work towards achieving their dreams.

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
  • 17
    View loans »
    Ghana Loans Fundraising
  • $11,000,625
    Funds lent in using Kiva
  • 1.4
    Ghana Cedis (GHS) = $1 USD

Success!! The loan was 100% repaid

A portion of Friends Trust Bank Group's $2,625 loan helped a member bags of maize.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 12, 2010
Listed
May 6, 2010
Currency Exchange Loss:
Possible
Ended:
Oct 5, 2010