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Joomo Group
In this Group: Vida, Comfort, Ernestina, Eva, Diana
Five trading women came together in 2011 to form the Joomo group so that they can access loans from Initiative Development Ghana, Kiva's partner in Ghana. They sell the following items: soft drinks, wigs, provisions and fruits. This is their first loan with the MFI (microfinance institution). The group has gone through series of business and social training supervised by the MFI. The group is displacing some of the items that they sell.

Ernestina is a 52-year-old fruit seller, married to a 57-year-old teacher. Their children are all grown up. She has been doing this job for 10 years, from morning to evening and also from Monday to Friday.

She needs 300 Ghana cedis to be able to buy more fruits from the market to sell.

The group needs a total of 1500 Ghana cedis to maintain their 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

  • $3,500
    Average annual income
  • 39
    View loans »
    Ghana Loans Fundraising
  • $11,729,450
    Funds lent in using Kiva
  • 1.9
    Ghana Cedis (GHS) = $1 USD

Success!! The loan was 100% repaid

A portion of Joomo Group's $800 loan helped a member to buy more fruits to sell to customers.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Oct 5, 2012
Oct 22, 2012
Currency Exchange Loss:
Mar 15, 2013