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Spirit Trust Bank Group
In this Group: Samuel, George, Yaw , Kwame, Yaw, Yaw, Joseph, Peter
In a group of eight men, Samuel, aged 37, is the leader who sees to it that the group accesses the loan capital, organizes them for group meetings and ensures that all repayment schedules are met accordingly.

Samuel is the father of three children (a set of triplets) who are aged 7. He has already secured admission for them in one of the basic schools in the locality where they live.

As the bread winner, Samuel works very hard to ensure that the needs of his family are adequately met. He is a trader who deals in electrical appliances of all sorts. It is his desire to put his children on a higher pedestal in life in terms of academics and business so as to make life less difficult for them.
Having been in the trading business for one year, Samuel intends to save and acquire an additional two shops to expand his business.

Since trading is a source of livelihood to many in most communities in Ghana, the Spirit group members are all into all kinds of trading activities.
The group requests a loan to enable them to procure goods and raw materials in bulk to revamp their businesses.

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
  • 36
    View loans »
    Ghana Loans Fundraising
  • $11,729,450
    Funds lent in using Kiva
  • 1.6
    Ghana Cedis (GHS) = $1 USD

Success!! The loan was 100% repaid

A portion of Spirit Trust Bank Group's $2,500 loan helped a member to purchase electronic appliances.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Sep 22, 2011
Oct 9, 2011
Currency Exchange Loss:
Mar 15, 2012