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Sabath Solidarity Group
In this Group: Adwoa, Adwoa, Akua, Francis*, Mary, Nicholas
* not pictured
Nicholas is a 36-year-old man who describes himself as smart. He is married and has 3 children between the ages of 1 and 10 years old. For the past 3 years, Nicholas has operated a trading business where he sells cassette tapes and compact discs. He plans to use the loan to buy compact discs and cassette tapes in bulk. Nicholas’ ambitious future goals include owning his own recording studio and a house in Kumasi. Kumasi is the second largest city in Ghana and is known as the cultural center of Ghana.

Currently, Nicholas is the leader of the group named 'Sabbath Solidarity Group'. Nicholas believes he was elected group leader because he is a good coordinator. There are 6 members in this group. The other group members are traders and food processors. They anticipate receiving the loan to enable them to buy various kinds of stock to grow their business and provide adequate support to their families.

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 Sabath Solidarity Group's $1,850 loan helped a member to purchase cassette tapes and DCs in bulk.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 14, 2010
Listed
May 13, 2010
Currency Exchange Loss:
Possible
Ended:
Dec 18, 2010