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Fellows Group
In this Group: Salomey, Ophelia, Augusta, Patience, Additiou
Fellows group is made up of 5 women between the ages of 33 and 53, who sell rice, yams, vegetables, provisions, pomade, kitchen utensils, fish and cooking oil. Three are married with children, and two are single.

Augusta is a 53-year-old single woman who sells rice, yams, and vegetables. She has been doing this work for 9 years and is in her 5th loan cycle with ID-Ghana. Her 4th loan amount was 800 Ghana, which was used to buy items and sell to customers. She now needs 900 Ghana cedis to invest in the business so that she can increase stock to meet customer demands. She will build her own house in the future. She also invests all her profits back into the business.

They need 2900 Ghana cedis to be able to expand businesses.

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
  • 24
    View loans »
    Ghana Loans Fundraising
  • $11,122,525
    Funds lent in using Kiva
  • 1.9
    Ghana Cedis (GHS) = $1 USD

Success!! The loan was 100% repaid

A portion of Fellows Group's $1,525 loan helped a member to buy more rice, yams, and vegetables to supply to customers.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 14, 2012
Listed
Sep 26, 2012
Currency Exchange Loss:
Possible
Ended:
Mar 15, 2013