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Victoria's Group
In this Group: Patience, Benedicta, Mary, Victoria, Charles, Hannah, Berlinda, Portia, Mary, Augustina, Mary, Elizabeth
Victoria's group consists of 12 members. Their names are Berlinda, Mary, Portia, Mary, Patience, Elizabeth, Hannah, Augustina, Charles, Benedicta, Mary, and Victoria. They sell bread, sugar, biscuits, maize, jewelry, cooking utensils, tiles, charcoal, eggs, cloth, earrings, cutlery sets, vegetables, and fish.

Victoria is 38 years and has been selling cooking utensils for 15 years. She is married to Emmanuel, a 40-year-old businessman. She buys from a market in the capital and sells in the Teshie community. With this 500 GHS loan, her 2nd from ID Ghana, she will buy more goods to sell to customers.

The entire group needs an amount of 5,050 GHS 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
  • 6
    View loans »
    Ghana Loans Fundraising
  • $10,838,400
    Funds lent in using Kiva
  • 1.9
    Ghana Cedis (GHS) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A portion of Victoria's Group's $2,650 loan helped a member to buy more bowls, plates, cutlery, cups and other cooking utensils to sell to customers.
99% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 31, 2013
Listed
Feb 27, 2013
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2013