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Bohye Group
In this Group: Gertrude, Abigail, Grace
This group is made up of three persons with two working in retail. They sell cloth (lace), bags, and are united by good social relationships. This is their seventh loan.

Gertrude is the group's representative. She is 56 years old and married.

She would need this loan to buy fabric, cloth and "kente" to sew and sell to her customers. Her business is doing very well because the location where she sells her products is a very busy one.

With her seventh loan, she plans to spend GHS 2,000 to buy fabric. With the profits, she supports their building project and covers the household expenses, and saves some money with ID-Ghana.

They need a total amount of GHS 3,200 to meet their customers' demands.

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

  • $3,500
    Average annual income
  • 31
    View loans »
    Ghana Loans Fundraising
  • $11,458,400
    Funds lent in using Kiva
  • 2.3
    Ghana Cedis (GHS) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A portion of Bohye Group's $1,375 loan helped a member to buy more goods and sell to customers.
94% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 4, 2013
Listed
Dec 24, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2014