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Ateasefotrust Bank Group
In this Group: Saiba, Albert, Mamata, Saiba, Felicia, Abena, Ama, Zinabu
Saiba is currently the group leader of “Ateasefo” Trust Bank Group made up of 8 members. Saiba is clearly a loyal person. He is 33 years old and sells bales of used shoes to customers in his community. He is also a teacher. Saiba has been operating his trade for 1 year and he is eager to be taking out this loan. He plans to invest the loan to purchase bales of assorted used shoes for adults and children to meet his customers’ demands. Used shoes are most patronized since brand new ones are expensive for the majority of low income people.

Saiba is single and the father of three children aged 3-9. He hopes to generate enough profit to be able to improve his children's education.

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
  • 7
    View loans »
    Ghana Loans Fundraising
  • $10,846,050
    Funds lent in using Kiva
  • 1.4
    Ghana Cedis (GHS) = $1 USD

Success!! The loan was 100% repaid

A portion of Ateasefotrust Bank Group's $1,150 loan helped a member to purchase used shoes in bulk.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 24, 2010
Listed
Jul 11, 2010
Currency Exchange Loss:
Possible
Ended:
Jan 8, 2011