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Suomo's Group
In this Group: Martha, Sekinatu , Ruby , Victoria, Mary, Elizabeth
Martha, a single mother of one child, is the leader of 'Suomo' group. She lives in her parents' house in the center of Nungua town and sells maize (corn). From this business, she earns money to pay her child's school tuition and meet her basic needs. Her main clients are consumers from neighboring areas and retailers from the city. She is hardworking and committed to repaying her loan and maintaining the leadership of the group. The photo comprises six members and Martha is standing second from far right with white t-shirt and colored writing on the shirt. She is requesting 1,500 GHS to buy more maize (corn) to sell to customers.

The other members are Sekinatu, Ruby, Victoria, Mary and Elizabeth, who need a total amount of 3,850 GHS to expand their businesses. All the members signed waiver forms.

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
  • 17
    View loans »
    Ghana Loans Fundraising
  • $11,207,575
    Funds lent in using Kiva
  • 2.0
    Ghana Cedis (GHS) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A portion of Suomo's Group's $1,950 loan helped a member to buy more maize (corn) to sell to customers.
99% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 2, 2013
Listed
May 31, 2013
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2013