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Gertrude Group
In this Group: Gertrude, Gifty
Gertrude is a 55-year-old single mother, with grown-up children. She is the leader of "Gertrude's Group", the other member of which is Gifty who is also shown above. They have been borrowing together for six months. Both ladies make their living by reselling wax-printed cloth, and baking bread for sale.

This is Gertrude's second loan with Kiva, and her sixth loan with ID-Ghana, who is Kiva's partner. Gertrude's first Kiva loan was for 1,400 Ghanaian Cedis (GHS), which she finished repaying with no problems. She is now asking for GHS 2,000 which she is going to use to buy wax-printed cloth to sell to her customers. Her group is asking for a total loan of GHS 3,000 to expand their businesses.

Gertrude has reinvested her profits that she managed to make with her previous loans, so her capital base has increased. She is also saving with ID-Ghana so she has back-up capital.

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
  • 13
    View loans »
    Ghana Loans Fundraising
  • $11,226,450
    Funds lent in using Kiva
  • 1.9
    Ghana Cedis (GHS) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A portion of Gertrude Group's $1,575 loan helped a member to buy more wax-print and supply to customers.
99% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 24, 2013
Listed
Feb 11, 2013
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2013