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Rose Group
In this Group: Rosemary, Gifty
Rosemary and Gifty are the members of this group. They sell underwear and provisions respectively. They reside in the Dansoman community. They have been together from 2012 to date.

Rosemary is a 44-year-old underwear seller who is married to Samuel, a 47-year-old businessman. They are blessed with four children, all in school. She has been doing her business for five years now. She hawks from Mondays through to Saturdays. She has been with ID Ghana for the past year and is doing very well with her business, thanks to ID Ghana’s training on savings – without it she would not have made it this far. This is her third loan and she needs 700 cedis (GHS) to buy more clothing to sell to her customers.

Both members need a total amount of 1,200 GHS 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
  • 38
    View loans »
    Ghana Loans Fundraising
  • $11,593,600
    Funds lent in using Kiva
  • 1.9
    Ghana Cedis (GHS) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A portion of Rose Group's $625 loan helped a member to buy more clothing to sell to customers.
99% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 28, 2013
Listed
Mar 21, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2013