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Arise And Shine Group
In this Group: Augusta , Ophelia , Patience , Joana , Eunice , Salomey
The group, which is called "Arise And Shine," is comprised of 6 women entrepreneurs who are seeking better opportunities in life. They live in the city of Accra, a beautiful place where trading is very popular and well established. The women sell groceries, second hand clothing, cutlery sets, food flasks, cooking oil and cooking utensils. This is their second loan with Kiva and the seventh loan cycle with ID-Ghana.

One of the members, Salomey, has been in the group for the past three years and has established a good friendship with all her neighbors and friends. She likes the fact that all the members of the group are united and much like a family.

Salomey, 37, is married and has three dependent children who are staying with them. She rents the house she lives in and her husband is a mechanic who works so hard to support her.

For 8 years, Salomey has been selling groceries, including milk, assorted soap, tooth brushes and paste, and canned products. She sells throughout the week by walking to her customers.

She plans to use the new loan to buy milk, assorted soaps, tooth brushes and paste, and canned products so that she can sell enough to take care of her children. Her goal is to stay healthy so she can keep working to take care of her children.

They need total loan amount of GHS 5550 to buy more stock for sale.

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
  • 40
    View loans »
    Ghana Loans Fundraising
  • $11,090,375
    Funds lent in using Kiva
  • 2.1
    Ghana Cedis (GHS) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A portion of Arise And Shine Group's $2,675 loan helped a member to buy milk, assorted soaps, tooth brushes and paste, and canned products to sell.
99% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 25, 2013
Listed
Aug 16, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2014