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Millicent's Group
In this Group: Millicent, Joyce, Christiana, Ernestina, Henrietta, Mary, Mary, Margaret, Comfort, Akosua, Mary

Agyenkwa Group is a group of eleven women whose name means savior. For some time now they have traded in various items, ranging from tubers and cereals to legumes and vegetables to used clothing. All these women have children; the leader has eight. She prepares and sells fufu (pounded cassava eating with soup) rice balls, banku (milled and boiled maize), and other food items.



They are hard working but due to large family sizes they spend their working capital supporting their children. They endure economic hardship and therefore came together to form the group. Members want to use the loan to buy produce and cloths to increase their income so that they can better support their families. They co-guarantee for each other to repay the loan.

Additional Information

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
  • 37
    View loans »
    Ghana Loans Fundraising
  • $11,603,250
    Funds lent in using Kiva
  • 1.1
    Ghana Cedis (GHS) = $1 USD

Success!! The loan was 100% repaid

A portion of Millicent's Group's $3,425 loan helped a member to buy more fresh tubers of yams, cassava, rice, used clothing, vegetables, and other items for resale.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Jul 10, 2008
Listed
Jun 19, 2008
Currency Exchange Loss:
Covered
Ended:
May 15, 2009