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First Choice Group
In this Group: Millicent, Genevieve, Georgina, Sarah, Juliana, Beatrice, Regina, Esther, Lydia, Martha, Ernestina, Rachael, Diana
The group First Choice is made up of 13 women all staying in the same neighborhood in South Teshie. In this town you can see the colorful clothing of African origin worn by the people - elders in particular have kept their traditional dress. The people are hardworking, like these members that work every day in different economic activities such as selling plastic products, fish, meat, provisions, sandals, ladies' wear, bed sheets and spices.

One of the members of the group is Diana, who has been selling plastic products for twenty-two years. She is 46, married to a 54-year-old civil worker, and has two children ages 24 and 20, both of whom are in school. They don't own a house but stay in the husband's family house.

Diana spends most of her time at her own big store where the plastic products are sold. She sells everything from plastic spoons to plastic chairs - any item made of plastic or rubber. She needs 1000 Ghana cedis to buy more plastic products. She intends to supply to customers and other retailers. This is her fifth loan with microfinance.

She has been investing all her profit so as to buy enough to meet customer demands. Her goal is to have a a plastic products depot since there is none in her locality.

Together with her colleagues, they will need 5700 Ghana cedis.

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
  • 46
    View loans »
    Ghana Loans Fundraising
  • $11,460,400
    Funds lent in using Kiva
  • 1.9
    Ghana Cedis (GHS) = $1 USD

Success!! The loan was 100% repaid

A portion of First Choice Group's $3,050 loan helped a member to buy all types of plastic products to sell to customers.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 12, 2012
Listed
Nov 3, 2012
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2013