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Monica
Monica A., 39 and married with four children currently schooling, owns and operates a little grocery shop selling items like rice, evaporated milk, canned foods and drinks, assorted cooking oil, washing powder, toilet soaps, candies, biscuits, etc. at the local market. She wants to use this loan to buy rice, canned foods and drinks, milk, assorted spices, washing soaps and powders, etc. to expand her business. She hopes to make good income from the expanded business to finance her children’s education to provide them with life opportunities better than what she had.

Monica belongs to the community group called Faith Trust Group. In this group, members guarantee for one another as social collateral to access a loan and peer pressure to repay the loan.

About Ghana

  • $3,500
    Average annual income
  • 22
    View loans »
    Ghana Loans Fundraising
  • $11,565,250
    Funds lent in using Kiva
  • 1.0
    Ghana Cedis (GHS) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Monica to buy rice, canned foods and drinks, milk, assorted spices, washing soaps and powders, etc. for re-sale.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Jun 13, 2008
Listed
May 27, 2008
Currency Exchange Loss:
Covered
Ended:
Mar 16, 2009