Check out some available loans that are similar to this one!
Beatrice Group
In this Group: Beatrice , Vida , Bernice , Lina
Beatrice Group is comprised of four members who live in the same neighborhood and come together whenever they need to.

Beatrice is the Group’s representative. She is single and has no children.

Beatrice sells wigs and hair products. She needs financial support to improve her business. Beatrice has requested this loan in order to buy more wigs and hair products for resale to her customers. She has eight years of experience in her business and works from 8:00 AM to 7:00 PM. Beatrice would like to strengthen and diversify her business.

In the future, she would like to use loans from this field partner to open a bigger shop in order to attract more customers and increase her earnings.

The Group members will need a total amount of 4,900 GHS in order 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

  • $2,643
    Average annual income
  • 25
    View loans »
    Ghana Loans Fundraising
  • $11,315,450
    Funds lent in using Kiva
  • 2.4
    Ghana Cedis (GHS) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A portion of Beatrice Group's $2,050 loan helped a member to buy wigs and hair products for resale to her customers.
95% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 25, 2013
Listed
Jan 24, 2014
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2014