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Akwadu Group
In this Group: Comfort, Mary , Regina, Martey, Grace, Rebecca, Atswei, Gladys, Lydia, Emmanuel
This is a community based group called Akwadu (banana), with eight females and two males. They are all married. The average age in this group is 44 years. They are in their third loan cycle and are selling the following products: fishing equipment, bread, cloth, firewood, cassava, fish, provisions, fishing net and cooking utensils.

Comfort, second from right in the front row of the picture, is the leader. She sells cloth. She buys her goods from the central market at Accra. She will buy two bills of goods which will be sold in the Teshie community. Her goal is to expand her business and build a house of her own.

The group needs an amount of 3,550 GHS.

Additional Information

About ID Ghana

ID Ghana is a microfinance NGO that provides financial and social services to underserved urban communities in Accra. ID Ghana’s socially-oriented business model provides clients with a number of social services, including financial literacy training, group discussions led by peer educators on health and nutrition education, child schooling, basic medical services, and counseling and legal services for women victims of violence.

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
  • 31
    View loans »
    Ghana Loans Fundraising
  • $11,330,050
    Funds lent in using Kiva
  • 1.9
    Ghana Cedis (GHS) = $1 USD

Success!! The loan was 100% repaid

A portion of Akwadu Group's $1,850 loan helped a member to buy more cloth to sell to customers.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 30, 2012
Listed
Jun 14, 2012
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2012