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Salo's Group
In this Group: Salomey, Theresa
Salomey and Theresa are the members in this group. They sell provisions and plantains respectively. They have been together from 2010 to date.

Salomey is a 61-year-old widow who is living with a grandchild. She has been with ID Ghana for the past two and a half years and is doing very well with her business.

She has been doing this business for five years now. She works from Mondays through to Saturdays. Without ID Ghana’s training on savings, she would not have made it this far. This is her 4th loan and she needs GHS 1,500 to buy more merchandise to sell to her customers.

Both need a total amount of GHS 2,300 to buy more goods to sell to their customers in the community.

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
  • 31
    View loans »
    Ghana Loans Fundraising
  • $11,710,625
    Funds lent in using Kiva
  • 1.9
    Ghana Cedis (GHS) = $1 USD

Success!! The loan was 100% repaid

A portion of Salo's Group's $1,225 loan helped a member to buy provisions (milk, Milo, sugar, rice, canned beef and other canned products).
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Feb 7, 2013
Feb 20, 2013
Currency Exchange Loss:
Sep 17, 2013