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Lordina Group
In this Group: Salina, Victoria, Hannah, Janet, Janet, Kwadwo
Petty trading like the sale of used clothing is widespread in Ghana because it is an easy business to start up. A good number of Ghanaian low-income earners buy used clothing because it is relatively affordable, making the sale of used clothes a lucrative jobs for many women. Salina is one of such entrepreneurs. She has been selling used clothes for the past five years. She is excited to be taking out the loan which she plans to invest in purchasing assorted used clothes in bulk to serve her customers. Salina anticipates increasing her profit level and also expanding her market.

Apart from being a vibrant businesswoman, Salina is also married to a commercial driver and she is the mother of three children. She hopes for a bright future for her kids through quality education. Salina is currently the group leader of Lordina Trust Bank Group, which is made up of six members. As the leader of the group, she ensures that all members attend meetings and submit their repayments.

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
  • 6
    View loans »
    Ghana Loans Fundraising
  • $10,860,250
    Funds lent in using Kiva
  • 1.5
    Ghana Cedis (GHS) = $1 USD

Success!! The loan was 100% repaid

A portion of Lordina Group's $1,800 loan helped a member to purchase assorted used clothing.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 21, 2011
Listed
Aug 12, 2011
Currency Exchange Loss:
Possible
Ended:
Mar 7, 2012