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Matilda's Group
In this Group: Matilda, Josephine, Eunice
This is the Matilda’s group, made up of three hardworking and responsible women who, through their businesses, are improving themselves every day.

Matilda, 46, is married and has two children who are at school. Taking over her mother's trade, since she had been making a living in this activity, Alexandra decided to sell ‘kenkey’ (cooked corn paste) and fried fish at a small market at Teshie. She feels happy because ID-Ghana has come with this loan facility which has helped her household.

Her keenest desire is to own a grocery store as in this way she will have better profits. The loan sought will be allocated to buying more maize and fish to meet customers' demand.

Matilda’s group needs an amount of GHC 1,650 to help them increase their stock.

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
  • 39
    View loans »
    Ghana Loans Fundraising
  • $11,582,250
    Funds lent in using Kiva
  • 2.0
    Ghana Cedis (GHS) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A portion of Matilda's Group's $825 loan helped a member to buy more maize and fish to meet customers' demand.
98% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 30, 2013
Listed
Jun 14, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2014