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Margaret's Group
In this Group: Patience , Densua , Atswei, Felicia , Ayorkor, Margaret
Margaret's group is requesting its fifth loan from ID-Ghana. The group has six members with various kinds of businesses, including the sale of vegetables, fish, undergarments, soap and African wax-prints. Together, they are requesting a loan for GHS 4,150. Margaret will use her portion of this loan, which is for GHS 1,300, to buy African wax-prints to sell. She joined ID-Ghana three years ago at the invitation of a loan officer of our organization. She says she learned her business with help from her parents, who gave her capital to start the business and who help her take care of her family. She is married with two children who are in school. Her work allows her to provide a better life to her family.

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

  • $3,500
    Average annual income
  • 39
    View loans »
    Ghana Loans Fundraising
  • $11,598,000
    Funds lent in using Kiva
  • 2.1
    Ghana Cedis (GHS) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A portion of Margaret's Group's $2,000 loan helped a member to buy more African wax-prints to sell.
97% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 1, 2013
Listed
Aug 21, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2014