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Aunty Mercy Group
In this Group: Mercy, Janet, Sarah, Jonse
This group consists of 4 members, Mercy, Janet, Jonse and Sarah. They sell provisions, plantain, palm oil, and cosmetics respectively.

Mercy is a 63 years old provision seller (Milk, Milo, sugar, rice, biscuits, canned tomatoes and other canned products). She is married to Emmanuel who is 66 years old. She has been doing this business for 6 years now. She buys from a market in the capital and sells in the Dansoman community.

This is her 3rd loan with ID Ghana and she needs a loan of GHS 700 to buy more goods to sell to her customers.
The entire group needs an amount of GHS 2,550 to buy more goods to sell to their respective customers.

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
  • 39
    View loans »
    Ghana Loans Fundraising
  • $11,090,375
    Funds lent in using Kiva
  • 1.9
    Ghana Cedis (GHS) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A portion of Aunty Mercy Group's $1,350 loan helped a member to buy more provisions like milk, Milo, sugar, rice, biscuits, canned tomatoes and other canned products to sell to customers.
99% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 7, 2013
Listed
Feb 22, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2013