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Ekome Feemo Group
In this Group: Evelyn , Janet , Comfort , Stella
The Ekome Feemo group was created on June 23, 2010. This group is composed of women who are well-experienced in their various businesses. They are all from the same neighborhood in Teshie and all work in small-scale commerce. They sell cooking utensils, maize (corn), and ladies tops and underwear.

Evelyn is the featured borrower of the group and the group leader. She is a single mother of one and she is 30 years old. Her work involves purchasing cooking utensils at the market and selling them in her store at the one of the road side markets in Teshie.

With her new loan, she intends to purchase cooking utensils at GHS 2,000 so that she can serve customers better. With the profits, she plans on supporting her child's education and her up-keeping.

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
  • 25
    View loans »
    Ghana Loans Fundraising
  • $11,557,625
    Funds lent in using Kiva
  • 2.0
    Ghana Cedis (GHS) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A portion of Ekome Feemo Group's $2,025 loan helped a member to buy cooking utensils to sell to customers.
97% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 13, 2013
Listed
Jun 28, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2014