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Nyame Mmere Group
In this Group: Augustina, Elizabeth, Agnes, Grace, Augustina, Rose, Georgina, Mary, Cecilia, Gifty, Grace, Yaa
Agnes is a very resourceful woman. She is married to a farmer with nine children from age 6-30 years. She is now 55 years old. She loves selling cereals like maize, a business through which she makes a living for her family. Agnes has sold maize for the past year. She plans to invest the loan to purchase ten bags of maize. Agnes hopes to grow her stocks of maize from 10 bags to 40 bags to meet her growing demands. She anticipates an increased profit to take care of her children in school.

Agnes is currently the leader of a trust bank group called “Nyame Mmere” (translated as 'God’s Time') made up of 12 members. 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

  • $3,500
    Average annual income
  • 45
    View loans »
    Ghana Loans Fundraising
  • $11,470,775
    Funds lent in using Kiva
  • 1.4
    Ghana Cedis (GHS) = $1 USD

Success!! The loan was 100% repaid

A portion of Nyame Mmere Group's $3,225 loan helped a member to purchase bags of maize.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 23, 2010
Listed
Jul 6, 2010
Currency Exchange Loss:
Possible
Ended:
Jan 27, 2011