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Abaawa Hagar Group
In this Group: Agnes, Abena, Ekua, Mamuna, Grace
Memuna is forty six years old. She is married with four children. She is a food vendor and sells “waakye”. Waakye is cooked rice and beans enjoyed with tomato stew, macaroni and fish. It is very tasty and satisfying and almost all tribes in Ghana enjoy waakye. She wants to use the loan to buy more bags of rice, vegetable oil, beans, macaroni, and vegetables to increase her stock of goods. She also hopes to save to be able to open a local restaurant and also make sure her children receive good education. She belongs to the community group called “Abaawa Hagar” Trust Group. In this group, members guarantee for one another as social collateral to access loans and peer pressure 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

  • $2,643
    Average annual income
  • 9
    View loans »
    Ghana Loans Fundraising
  • $10,839,425
    Funds lent in using Kiva
  • 1.9
    Ghana Cedis (GHS) = $1 USD

Success!! The loan was 100% repaid

A portion of Abaawa Hagar Group's $2,600 loan helped a member to purchase stock.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 13, 2012
Listed
Sep 5, 2012
Currency Exchange Loss:
Possible
Ended:
Apr 12, 2013