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Dwaaho Ladies Trust Bank Group
In this Group: Owusu, Amina, Evelyn, Monica, Philomina, Mary, Vida, Grace, Alimatu
Mary describes herself as a hard-working woman. She is 54 years old and she is the leader of the “Dwaaho” Ladies borrowing group. Dwaaho is the name of their community. Mary is a petty trader who has been selling foodstuffs for the past 8 years. She is excited to be taking the loan, which she plans to invest in the purchase of bags of maize. She dreams of being able to travel outside her town to procure maize in bulk to serve her customers. She is married to a mechanic and together they have three children, ages 15, 22 and 26 years. Mary hopes to mobilize more savings to support her children to attain quality education.

The other members of her group are traders who sell foodstuffs, etc. Mary believes she was chosen as leader because of her good organizing ability. As the leader of the group, she ensures regular meeting attendance and repayment of loan installments.

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
  • 19
    View loans »
    Ghana Loans Fundraising
  • $11,139,975
    Funds lent in using Kiva
  • 1.4
    Ghana Cedis (GHS) = $1 USD

Success!! The loan was 100% repaid

A portion of Dwaaho Ladies Trust Bank Group's $3,125 loan helped a member to purchase maize in bulk.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 8, 2010
Listed
Jul 6, 2010
Currency Exchange Loss:
Possible
Ended:
Jan 8, 2011