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Winner's Group
In this Group: Agnes , Vida , Gabriel , Anna , Margaret , Victoria , Mabel , Samuel , Alice , Regina , Florence , Sarah , Kate , Margaret , Faustina , Comfort , Edward , Sandra , Esther , Mary , Janet , Christiana , Mary , Victoria , Evelyn , Faustina , Margaret , Mary , Cecilia
The members of this group are mostly married women and men, who average 33 years of age and three children each; they all live in the same neighborhood in Dansoman in the Republic of Ghana. They all are taking out a loan from ID-Ghana, and have promised to repay without trouble; they sell second-hand clothing, provisions, sanitary pads, foodstuffs, perfume, sachet water, mineral drinks, lengths of wax print, bags, spreads and sheets, underwear, jewelery, wigs, body and hair creams, fish, slippers, 'kenkey' (cooked maize paste) and fish, or charcoal. Others provide services like sewing and photographing.

Victoria is a 'kenkey' (cooked corn paste) and fried fish seller, and she has been doing this work for 15 years. She is standing third from the left in the photo. With her loan amount of GHS 400, she intends to purchase one carton of fish and a mini bag of maize to prepare 'kenkey' and fish, so that she can sell it to customers. She plans on making a profit of GHS 100 from this loan. This profit will enable her to repay her loan, and also to help her husband to cover day-to-day expenses.

This is the group's first loan with ID-Ghana and they have promised to be very loyal so that they will be able to take more loans from ID-Ghana. They made this promise at their orientation and training.

Together, the group is taking a total amount of GHS 12,650 which would be used to purchase various items to boost their businesses.

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
  • 15
    View loans »
    Ghana Loans Fundraising
  • $10,998,925
    Funds lent in using Kiva
  • 2.2
    Ghana Cedis (GHS) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A portion of Winner's Group's $5,825 loan helped a member to purchase one carton of fish and a mini bag of maize to prepare kenkey and fish to sell to customers.
96% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 4, 2013
Listed
Oct 15, 2013
Currency Exchange Loss:
Possible
Ended:
May 17, 2014