Check out other loans that are currently fundraising!
Bohye Pa Trust Bank Group
In this Group: Kate, Philipa, Mercy, Victoria, Betty
Charcoal is obtained from burning a piece of fresh timber in the absence of oxygen. It is one of the most common sources of energy for cooking in every traditional home. It is also the most affordable. Selling charcoal is one of the lucrative businesses for many women like Kate. She purchases bags of charcoal and has been selling them to customers in her community for the past two years. She also trades in firewood. She plans to invest this loan by purchasing more bags of charcoal and filling the demand for her firewood. She anticipates increasing her profit level and also expanding her market.

Kate is married to an auto mechanic and she is the mother of eight children aged 10-30. She describes herself as very confident. She hopes to purchase bags of charcoal in bulk to supply to restaurant operators. Kate believes in education and hopes to support her children to attain better education to be independent.

Kate is also the group leader of “Bohye Pa” Trust Bank Group made up of seven members. The other members of her group trade in rice, maize, materials etc.

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
  • 30
    View loans »
    Ghana Loans Fundraising
  • $11,122,525
    Funds lent in using Kiva
  • 1.4
    Ghana Cedis (GHS) = $1 USD

Success!! The loan was 100% repaid

A portion of Bohye Pa Trust Bank Group's $1,000 loan helped a member to purchase bags of charcoal in bulk.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 23, 2010
Listed
Jul 11, 2010
Currency Exchange Loss:
Possible
Ended:
Jan 27, 2011