Check out some available loans that are similar to this one!
Lydia's Group
In this Group: Lydia, Fredrick, Anita, Faustina
Lydia's group consists of four partners, all from Sahara in Dansoman. They are Lydia, Anita, Faustina and Frederick. They sell leather bags, tomatoes, wigs and provisions, respectively. They have been together since 2011.

Lydia is a 28-year-old bag seller who is single. She needs 800 GHS (Ghana cedis) to buy more bags to sell to her customers. She has been in this business for the past three years and is doing very well. She is very loyal and truthful with all the loans she took from ID Ghana and is now applying for her third loan to meet her customers’ demands.

The entire group needs an amount totaling GHS 2,000 to expand and buy more goods to meet the demand of 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

  • $3,500
    Average annual income
  • 39
    View loans »
    Ghana Loans Fundraising
  • $11,598,000
    Funds lent in using Kiva
  • 1.9
    Ghana Cedis (GHS) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A portion of Lydia's Group's $1,050 loan helped a member to buy more bags to sell to customers.
99% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 21, 2013
Listed
Mar 5, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2013