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Trustees Group
In this Group: Daniel , Anna, Charles, Richard
Daniel is a 28 year old single man who lives in his own apartment at Mpatosie, a suburb of Berekum. He operates a grocery shop and sells items like milk, assorted drinks, cooking oil, toiletries etc. He has been in business for the past 6yrs. He will use the loan to purchase additional stock of goods to expand his business. He belongs to the community group called Trustees Trust Group. The group guarantees a loan through a repayment pledge and provides assistance for one another to repay the loan.

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
  • 37
    View loans »
    Ghana Loans Fundraising
  • $11,603,250
    Funds lent in using Kiva
  • 1.7
    Ghana Cedis (GHS) = $1 USD

Success!! The loan was 100% repaid

A portion of Trustees Group's $1,150 loan helped a member to purchase more stock of goods for his grocery store.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 15, 2012
Listed
Mar 8, 2012
Currency Exchange Loss:
Possible
Ended:
Sep 15, 2012