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Elizabeth's Group
In this Group: Elizabeth, Veronica, Kwame
This group is comprised of three members; two women and a man. The Teshie community is located in the coastal region of Accra. The members are traders seeking opportunities at every moment to get ahead and, through their daily efforts, to provide a better future for their children. The main economic activities of the partners are selling of jeans, foodstuffs and electrical appliances.

Elizabeth was born in the community of Teshie and lives in the same community where she was born. She is 41 years old, divorced and has two children. Her main economic activity is selling jeans and wigs. She has a little shop at home where she operates her business. At this time, she is requesting a loan of 2,000 cedis to improve her business.

Elizabeth, Veronica and Kwame together need 3,000 cedis to buy enough commodities to serve customers better.

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
  • 41
    View loans »
    Ghana Loans Fundraising
  • $11,460,400
    Funds lent in using Kiva
  • 2.0
    Ghana Cedis (GHS) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A portion of Elizabeth's Group's $1,525 loan helped a member to buy enough jeans and wigs to sell to customers.
99% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 28, 2013
Listed
Apr 27, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2013