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Mawunyo Group
In this Group: Mary, Comfort, Alice, Christiana, Sheshi, Mavis
Mary is in her late 40s, married, and has two children who are secondary school graduates. She runs a wax-print shop, which she has been doing for 13 years. She works from 7:00 AM to 8:00 PM every working day and is able to earn a very good monthly profit.

Mary requested her seventh loan from ID-Ghana, which she will use to buy linen, batik, and wax-prints for the shop. With her previous loans, all of which were repaid, Mary used the funds to buy linen, batik, and wax-prints and to restock products for her shop. She dreams that one day will be able to build a house.

Mary will share this loan amount of 9,300 GHS with her loan group, Mawunyo, which consists of six members. The members of the group hold each other accountable for repaying the loan.

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
  • 20
    View loans »
    Ghana Loans Fundraising
  • $11,220,300
    Funds lent in using Kiva
  • 2.4
    Ghana Cedis (GHS) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A portion of Mawunyo Group's $3,950 loan helped a member to purchase linen, batik, and wax-prints f.
91% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 13, 2013
Listed
Jan 7, 2014
Currency Exchange Loss:
Possible
Ended:
May 17, 2015