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Good Mother Group
In this Group: Joyce, Cecilia, Elizabeth, Joyce , Regina, Vivian, Anastasia, Veronica
Cecilia is 48 years old. She is married with two children. Currently, all her children are in school. She sells coconut oil, the business which is her source of livelihood. She has been selling coconut oil for 13 years to support her family. Due to lack of adequate funds she is unable to buy more coconut to process and extract the oil. With this loan, she wants to buy more bags of coconut. She hopes to use part of her profit to support her kids in school and also build her house. Cecilia is a member of a community group called Good Mothers Group. In this group, members guarantee and support one another to repay their loans.

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
  • 34
    View loans »
    Ghana Loans Fundraising
  • $11,572,300
    Funds lent in using Kiva
  • 1.9
    Ghana Cedis (GHS) = $1 USD

Success!! The loan was 100% repaid

A portion of Good Mother Group's $3,375 loan helped a member to purchase more bags of coconut to process and extract the oil.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 21, 2012
Listed
Jun 8, 2012
Currency Exchange Loss:
Possible
Ended:
Jan 9, 2013