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Matilda's Group
In this Group: Matilda, Janet
Matilda is married and 43. She finished six years of elementary school and has a daughter, who is thirteen years old and in schooling. Her husband is 50 years old, called Emmanuel, and he is a trader. Matilda operates drinking bar, which she has been doing for fifteen years. She operates it to help her family survive and improve. Her fifteen years work experience has contributed massively toward her family life and she also works together with her husband.

Matilda is the leader of this group and this is her second loan cycle with kiva and her forth loan cycle with ID-Ghana. She is applying for a loan amount of GH 1,500 to buy six boxes of coca-cola and six boxes of malta guinness to sell to customers. She hopes to grow her capital, ensure her daughter reaches the highest level of education and support her husband to complete their building project. Janet, the other group member is also a drinking spot operator. Together they will need a total amount of GH 2,900 to improve their 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.

About Ghana

  • $2,643
    Average annual income
  • 20
    View loans »
    Ghana Loans Fundraising
  • $11,220,300
    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 $1,450 loan helped a member to buy six boxes of coca-cola and six boxes of malta guinness to sell to customers.
98% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 27, 2013
Listed
Jul 6, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2014