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Rebecca's Group
In this Group: Rebecca, Ashami
Rebecca is the featured borrower of this group. She came together with her group member to acquire a total loan amount of GHS 2700 from Kiva's partner, ID-Ghana, because they have always been neighbors and friends.

Rebecca is a 58-year-old widowed mother of one child. She has been selling vegetables and cooking oil at her residence for eight years. Her child is at the high school level. He is 20 years old and sometimes assists his mother in the sale of items. That's why she is acquiring a loan amount of GHS 1600 from Kiva's partner, ID-Ghana, to buy fresh vegetables and oil from the wholesale market and sell them to her customers.

Rebecca is on the left in the picture. As for Ashami, she sells smoked 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

  • $2,643
    Average annual income
  • 6
    View loans »
    Ghana Loans Fundraising
  • $10,860,250
    Funds lent in using Kiva
  • 2.2
    Ghana Cedis (GHS) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A portion of Rebecca's Group's $1,250 loan helped a member to buy fresh vegetables and oil from the wholesale market for resale.
95% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 3, 2013
Listed
Oct 17, 2013
Currency Exchange Loss:
Possible
Ended:
May 17, 2014