Check out some available loans that are similar to this one!
Krowor 2 Group
In this Group: Rose , Beatrice , Rosemary , Evelyn , Agnes , Harriet , Ayeley, Evelyn , Adiza, Beatrice , Lean
Meet members of the “Krowor 2” group from Teshie-Accra, a town in the coastal region of Ghana. They are all local entrepreneurs who have come to ID-Ghana, a partner of Kiva, to apply for a loan of GHS 6750 as a total amount for the group. With the help of this loan, they will be able to expand their respective businesses, make more sales, and consequently improve their living conditions. They are in the fields of foodstuffs, provisions, underwear, slippers, second-hand clothing, wax prints, wigs, charcoal, cooking oil and plastic bowls.

Evelyn is the featured leader of this group. The 44-year-old is single with two adult children. Evelyn has been a businesswoman for ten years now. She sells second-hand clothing and wax prints. With her share of this loan, she will buy one bale of second-hand clothing to sell to her customers.

This is the group's second loan cycle with ID-Ghana and they repaid their previous loan promptly and without trouble.

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.

Tags

About Ghana

  • $3,500
    Average annual income
  • 33
    View loans »
    Ghana Loans Fundraising
  • $11,572,300
    Funds lent in using Kiva
  • 2.2
    Ghana Cedis (GHS) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A portion of Krowor 2 Group's $3,050 loan helped a member to buy one bale of second-hand clothing for resale.
94% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 31, 2013
Listed
Nov 9, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2014