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Asomdwei Wura Trust Bank Group
In this Group: Gloria , Vida, Olivia, Grace, Esther, Monica, Shirley, Ama, Akosa, Richmond, Kwesi
Olivia S., a trader in "Kente" cloth, calls herself a good planner and has been in this business for the past three years. Kente is a traditional cloth of the Asanti people and each design carries a unique message from whoever is wearing it. Olivia buys her kente cloth from weavers in her community for sale in Accra, the capital city of Ghana. She has a vision of establishing a Kente boutique in Accra where she will have assess to a bigger market for her business.

Olivia is the leader of 'Asomdwei Wura' group which literally means " a peaceful person" in Twi, a widely spoken language in Ghana. The group is comprised of 11 members mostly in the trade of Kente cloth, smoked fish, or working as food vendors. They hope to use this loan to expand their businesses.

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
  • 22
    View loans »
    Ghana Loans Fundraising
  • $11,214,150
    Funds lent in using Kiva
  • 1.4
    Ghana Cedis (GHS) = $1 USD

Success!! The loan was 100% repaid

A portion of Asomdwei Wura Trust Bank Group's $3,675 loan helped a member purchase Kente cloth for resale.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 21, 2010
Listed
May 11, 2010
Currency Exchange Loss:
Possible
Ended:
Nov 12, 2010