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Akwe Group
In this Group: Gifty, Morkor, Sarah
The Akwe Group is composed of three persons, who are friends living in the same community. This is the seventh time this group has requested financial aid from ID-Ghana to boost their businesses. Gifty is 44 years old. She is married to Alex, a 46-year-old water distributor. They have four children.

Gifty has been educated to the secondary school level and is the leader of the Akwe Group. She is alone in ensuring that the household expenses are covered. To meet the needs of her family, she has been selling plastic products and cooking utensils for about ten years in front of her house.

Seeking to satisfy her customers and to increase her income, Gifty, together with the other members of the group, is requesting a seventh loan. The previous loans were indeed repaid without any default. The entire group needs GHS 3,900 to buy more goods to satisfy their respective customers.

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
  • 22
    View loans »
    Ghana Loans Fundraising
  • $11,565,250
    Funds lent in using Kiva
  • 2.3
    Ghana Cedis (GHS) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A portion of Akwe Group's $1,675 loan helped a member to buy more products to sell to customers.
95% 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