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Akoi Allah Group
In this Group: Nana, Bintu, Fatima, Alimatu, Fatima
Fatima is a 45-year-old hardworking mother. She is married with five children who are currently in school. She manufactures local soap. Her major challenge over the years has been funds to scale up the business. She is very confident that the loan will enable her to make remarkable business growth. She wants to use the loan to purchase more raw materials such as palm oil and soda. She also wants make quality education available to her children to enable them become more resourceful in the future.

Fatima is a member of a group called “Akoi Allah” Trust Group. Members in this group guarantee and support 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
  • 44
    View loans »
    Ghana Loans Fundraising
  • $11,470,775
    Funds lent in using Kiva
  • 1.7
    Ghana Cedis (GHS) = $1 USD

Success!! The loan was 100% repaid

A portion of Akoi Allah Group's $1,675 loan helped a member to purchase more raw materials such as palm oil and soda.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 9, 2012
Listed
Mar 8, 2012
Currency Exchange Loss:
Possible
Ended:
Sep 15, 2012