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Elizabeth's Group
In this Group: Elizabeth , Emelia , Cynthia , Sarah , Adjetey
Elizabeth, who is in her early 60's, is a widow with two children, a boy and a girl, both in school. Elizabeth has been selling ripe plantain for six years. She works from 8 a.m. to 5 p.m. every working day, making a very good return.

Her previous loans repaid, Elizabeth is requesting her third loan for GHS 800 from ID-Ghana to buy a big bag of plantain to sell. She used her business profits to cover school fees and household expenses and dreams that one day her children will have completed university so they can support themselves and help her.

Eliabeth is requesting this loan with four others: Emelia sells charcoal, while Sarah, Adjetey, and Cynthia sell fish. The members of the group will hold each other accountable for repaying the entire loan amount.

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
  • 31
    View loans »
    Ghana Loans Fundraising
  • $11,330,050
    Funds lent in using Kiva
  • 2.2
    Ghana Cedis (GHS) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A portion of Elizabeth's Group's $1,125 loan helped a member to buy a big bag of plantain to sell.
93% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 10, 2013
Listed
Oct 23, 2013
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2014