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Salomey's Group
In this Group: Salomey, Mavis , Ramatu
This group is made up of three entrepreneurs. One of them, Salomey, is a 25 years old and the single mother of one child. She earns a living by selling clothing out of her home, and is seeking this loan to buy dresses and men's shirts to sell. We see Salomey on the right in the photograph. Mavis is another member. She is 28 years old and earns a living by selling women's undergarments. Ramatu is 29 years old and earns a living by selling cosmetics.

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
  • 2.1
    Ghana Cedis (GHS) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A portion of Salomey's Group's $1,025 loan helped a member to buy clothing to sell to her customers.
99% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 26, 2013
Listed
Aug 19, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2014