Check out some available loans that are similar to this one!
Vicentia's Group
In this Group: Elizabeth, Vicentia
Vicentia is one of the members of Vicentia's Group. Her group is located in Dansoman. It is comprised of two entrepreneurs from one of the poorest communities of this large city, each of them dedicated to running a small business from her house, and by making walking sales.

Vincentia is 52 years old and has two adult children, who are working on their own. She is excited to be taking her sixth loan from ID-Ghana. She plans to use her share of this loan to invest in her business. She sells Tilapia fish. She runs this business in front of her house, close to the roadside. She says that her most difficult business challenge is her inability to buy enough fish for her customers. Vicentia, together with Elizabeth, needs to borrow a total amount of GHS 1,900. Vicentia will use her share to buy enough fish to sell to her customers. She will use her profits to save and to reinvest in her business.

She enjoys watching television, and she dreams of having her own house in the near future, so that she can stop paying rent.

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
  • 7
    View loans »
    Ghana Loans Fundraising
  • $10,839,425
    Funds lent in using Kiva
  • 2.0
    Ghana Cedis (GHS) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A portion of Vicentia's Group's $975 loan helped a member to buy enough fish to sell to her customers.
99% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 21, 2013
Listed
Apr 24, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2013