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Felicia's Group
In this Group: Felicia , Grace
Felicia is the representative of a group that consists of two indigenous women from Teshie-Ghana. These women engage in trading slippers, wigs, creams and shampoo.

Felicia is a married mother and she works very hard to support her household. She has two young children. This hardworking woman is a traveling merchant who sells wigs, perfumes, creams and shampoo. The income she generates from this business enables her to cover all of her family expenses, reinvest, and repay her loan. She has received two previous loans, which were a great help to her and her children.

This new investment will be used to buy merchandise such as wigs, perfumes, creams and shampoo and resell to customers.

Her most important goal is to provide a better quality of life for her little ones, but she also wants to increase her sales by expanding into other communities nearby.

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
  • 38
    View loans »
    Ghana Loans Fundraising
  • $11,588,250
    Funds lent in using Kiva
  • 2.1
    Ghana Cedis (GHS) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A portion of Felicia's Group's $725 loan helped a member to buy merchandise such as wigs, perfumes, creams and shampoo to resell to customers.
97% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 30, 2013
Listed
Sep 8, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2014