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Mary's Group
In this Group: Mary, Eunice, Gladys
Mary is a member of this group and lives in Dannsoman. She is 38 years old and married. Together she and her spouse have two children, and both are in school.

Mary has been in the business of selling rice, assorted soap, assorted toffee and cooking oil for eight years. She is on her eighth loan cycle with ID-Ghana.

With this loan, she will increase her business capital and purchase more rice, assorted soap, assorted toffee and cooking oil to resell, in order to increase her profits. Together with two others, they will need a total amount of GHS 3,200 to improve their businesses.

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
  • 39
    View loans »
    Ghana Loans Fundraising
  • $11,582,250
    Funds lent in using Kiva
  • 2.3
    Ghana Cedis (GHS) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A portion of Mary's Group's $1,400 loan helped a member to purchase more rice, assorted soap, assorted toffee and cooking oil to resell, in order to increase her profits.
97% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 4, 2013
Listed
Jan 3, 2014
Currency Exchange Loss:
Possible
Ended:
May 17, 2014