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Elizabeth's Group
In this Group: Elizabeth , Christopher
This loan group consists of two partners, both of whom are business owners.

One is named Elizabeth. She is a 36-year-old single mother who has a 13-year-old son. She has been selling cooking utensils in her community of Dansoman, Ghana for more than 2 years. She has been a member of this microfinance institution for 2 years and is requesting a loan of 1,000 GHS to increase her stock of cooking utensils to sell to customers.

The other member of the group is Christopher. He is 24 years old and sells fish.

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
  • 26
    View loans »
    Ghana Loans Fundraising
  • $11,565,250
    Funds lent in using Kiva
  • 2.1
    Ghana Cedis (GHS) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A portion of Elizabeth's Group's $825 loan helped a member to buy cooking utensils to sell.
97% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 15, 2013
Listed
Aug 29, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014