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Truth Group
In this Group: Abubakari, Vida, Leah, Joyce, Vida, Angela
Abubakari (the male in the photo) is a shoemaker and a member of the Truth Group. He is taking out his fourth loan with ID Ghana, having successfully paid off three previous loans. With this 300 GHS loan (his portion of the total loan), he will purchase leather and a solution to preserve leather, which he will use to make more shoes.

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
  • 6
    View loans »
    Ghana Loans Fundraising
  • $10,860,250
    Funds lent in using Kiva
  • 1.9
    Ghana Cedis (GHS) = $1 USD

Success!! The loan was 100% repaid

A portion of Truth Group's $1,550 loan helped a member to purchase leather to make shoes.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 15, 2012
Listed
Jul 6, 2012
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2013