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Hannah's Group
In this Group: Charity, Veronica, Christiana, Hannah, Mary
This group is called Hannah's Group and has been with ID Ghana for six years. The group is made up of women who have a lot of experience in their various businesses. The women all come from the same neighborhood and have very strong ties as a result of working together and helping one another.
This will be Charity's Group’s seventh loan. The group is applying for a 5,500 GHS loan which will be apportioned among the group members. The proceeds will be used by them to buy and sell clothing, slippers, pomade perfume, bags of millet and rice, and underwear.
The group’s loan representative is Hannah, who is thirty years old, married and the mother of two children. For the past seven years she has sold clothing and slippers which she buys from the central market at wholesale prices and sells to her customers at retail in Dansoman. She will use her earnings to help her husband with the day-to-day expenses and needs of their family.

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
  • 6
    View loans »
    Ghana Loans Fundraising
  • $10,855,125
    Funds lent in using Kiva
  • 2.3
    Ghana Cedis (GHS) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A portion of Hannah's Group's $2,350 loan helped a member to buy clothing and slippers and resale to customers in Dansoman.
93% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 13, 2013
Listed
Jan 10, 2014
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2014