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Daniel's Group
In this Group: Daniel, Boga, Margaret
Daniel's group is made up of three traders who are into the sales of jewelry, water tanks, soap and cream.

Daniel is 48 years old. He lives in Teshie with his wife Kate and three children, who are going to school. Daniel requested a loan of GHS 300 to inject into his jewelry business.

This is his third loan with ID-Ghana, and he, together with Boga and Margaret, needs a total of GHS 1,000 to be able to buy enough to sell to their 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
  • 30
    View loans »
    Ghana Loans Fundraising
  • $11,458,400
    Funds lent in using Kiva
  • 2.0
    Ghana Cedis (GHS) = $1 USD

Success!! The loan was 100% repaid

A portion of Daniel's Group's $525 loan helped a member to buy jewelry for resale.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 1, 2013
Listed
May 3, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2013