'Kenkey' is one of the Ghanaians' favorite local dishes that is rich in carbohydrate. It is prepared with corn dough made into balls, cooked between 1-2 hours and taken with hot pepper and fried fish. It could also be enjoyed with other sauces. 'Kenkey' is known throughout all the tribes in Ghana and commonly sold on most streets. Selling it for the past 15 years, Akosua has made quite a number of repeat customers through good customer relations. She plans to invest the loan to purchase bags of maize and cartons of fish to support her business. She dreams that one day she will be able to open a restaurant in her community.
Akosua is currently the leader of a trust bank group called 'Trust' made up of 12 members. The other members are also engaged in trades such as the sale of groceries, dried fish, food selling, plantain selling, traditional medicine, etc. Akosua hopes to support her kids so they can acquire a good education.
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.
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Success!! The loan was 100% repaid