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Gideon's Group
In this Group: Gideon, Joyce, Diana
This group is made up of three people. Two work as retailers, while the male provides tailoring services. They are united by good social relationships. This is their fifth loan, and the ladies are still selling kettles, glasses, shampoo, bed sheets and fabrics.

Gideon is the group's representative. He is a 50-year-old married man. He is a tailor and needs this loan to buy fabrics to sew and sell to customers. His business is doing very well because the location where he sells his products is a very busy one.

With his loan, he plans to spend GHC 900 to buy fabrics. With his profits, he supports his building project and covers the household's expenses. He also saves some money with ID Ghana.

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
  • 43
    View loans »
    Ghana Loans Fundraising
  • $11,092,650
    Funds lent in using Kiva
  • 2.1
    Ghana Cedis (GHS) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A portion of Gideon's Group's $875 loan helped a member to buy fabrics to sew and sell to customers.
96% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 25, 2013
Listed
Aug 17, 2013
Currency Exchange Loss:
Possible
Ended:
May 17, 2014