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Women Life Group
In this Group: Mary , Mary, Mary, Grace, Comfort
This group is made up of 4 women who are working in the sale of sandals, fish, provisions, soft drinks and metal coal pots. They all live in Teshie and meet up every Thursday to discuss business and payments towards the loan.

Mary is 60 years old, single, and sells fish and sandals. All her children are now independent and are working to take care of themselves. She has been doing this job for 26 years at her residence. She starts work at 6:00am and closes at 6:00pm. She needs 800 Ghana cedis to increase stock by buying 3 cartons of fish and 1 box of sandals. This is her 3rd loan cycle; in the 2nd loan she was given 500 Ghana cedis which was used for the same purpose. She has been using her profit for a housing project: that is why she is requesting 800, so that she can buy enough to sustain her business.

They need a total amount of 2350 Ghana cedis to be able to buy enough goods.

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
  • 8
    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 Women Life Group's $1,250 loan helped a member to buy 3 cartons of fish and 1 box of sandals to supply to customers.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 5, 2012
Listed
Oct 26, 2012
Currency Exchange Loss:
Possible
Ended:
May 17, 2013