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Greda's Group
In this Group: Naomi, Gifty, Adama, Elizabeth, Rose
This group consists of five members, namely Gifty, Adama, Elizabeth, Rose and Naomi. They sell liquid soap, provisions, charcoal, beans and gari (cassava flour) in the Accra community. They have been together as a group since February 2013.

Naomi is a 42-year-old provisions and liquid soap seller who is married to Geofrey, a 42-year-old civil servant. They have two children. She has been selling provisions and liquid soap for the past 13 years. She hawks from Monday to Sunday from her home to her customers. This is her fourth loan and she needs 1,300 GHS [Ghana cedis] to buy more provisions and liquid soap to sell to her customers.

The group needs a total amount of 5,200 GHS to buy more goods to sell to their customers in the community.

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

  • $2,643
    Average annual income
  • 18
    View loans »
    Ghana Loans Fundraising
  • $11,207,575
    Funds lent in using Kiva
  • 2.3
    Ghana Cedis (GHS) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A portion of Greda's Group's $2,325 loan helped a member to buy more provisions and liquid soap to sell to her customers.
93% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 21, 2013
Listed
Nov 27, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2014