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Adei's Group
In this Group: Adei , Elizabeth , Mary, Beatrice, Augustina, Angela
Adei is one of the members of the group named Adei's, which is made up of six hardworking women who are committed to work and to change their families' lives and their community. This group is part of the mother group call Peace and Unity and it is located in the city of Teshie, a community with trading as their main occupation.

Adei is a married woman with one child. She runs a business selling slippers and fish. She has been selling these products for eight years. She started this business because she felt the need to produce income to support her pensioner husband to take good care of their child. Adei is requesting for her 5th loan from ID-Ghana and she is very excited to receive it through Kiva, because these previous loans have been able to increase her sales and profit. Her plan for the future is to own a cold store where she can sell these fish in large quantity. She is very thankful for Kiva’s support.

The other members are Mary, Beatrice, Elizabeth, Augustina and Angela. They need a total amount of 3,600 GHS (Ghanaian cedi) to be able to expand businesses.

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.

Tags

About Ghana

  • $3,500
    Average annual income
  • 26
    View loans »
    Ghana Loans Fundraising
  • $11,565,250
    Funds lent in using Kiva
  • 2.0
    Ghana Cedis (GHS) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A portion of Adei's Group's $1,825 loan helped a member to buy slippers and fish.
97% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 16, 2013
Listed
Jun 10, 2013
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2014