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Esther's Group
In this Group: Esther , Janet , Florence
Esther, who is in her early 30s, is married with two children, both boys. Both of them are still going to school. For three years now, she has been earning her living by selling ladies shoes in the market. She works from 7:00 a.m. to 6:00 p.m. daily and is able to make a fair monthly profit. This will be Esther’s seventh loan from ID-Ghana, Kiva's partner. She used the previous loans to restock and has paid back all her loans successfully. She used the profit to invest in her housing project and saved the rest with ID-Ghana. She will use her portion of GHS 2000 of this loan request amount to restock by buying ladies shoes and reselling them to two weeks to customers. She is doing great and is standing in the middle of the photograph with a sample of shoes in her hand. She dreams of owning a store. Esther is taking this loan together with two other members. The members will hold each other accountable for repaying back the total loan amount of GHS 4100.

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
  • 40
    View loans »
    Ghana Loans Fundraising
  • $11,090,375
    Funds lent in using Kiva
  • 2.2
    Ghana Cedis (GHS) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A portion of Esther's Group's $1,900 loan helped a member to restock by buying ladies shoes to resell.
97% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 27, 2013
Listed
Oct 10, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014