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Onua Do Group
In this Group: Mary, Mavis, Selina
The Onua Do Group consists of three members who live in the same area. They sell foodstuff, cooking items, roasted plantain, groceries, and dried fish.
Mavis, the featured borrower, is 39 years old and single. She sells groceries, such as rice, bread, eggs, detergent, diapers, sardines, Milo, milk, and sugar, which she has been doing for seven years.

Mavis is going to invest her loan into buying grocery (rice, bread, eggs, detergent, diapers, sardines, Milo, milk, sugar and sell to customers.

Profit will be re injected into her business in order to increase her cash flow and put into savings.
This is her sixth loan cycle with ID-Ghana and second with kiva.
They will need GHS 2,700 to expand 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
  • 15
    View loans »
    Ghana Loans Fundraising
  • $11,208,075
    Funds lent in using Kiva
  • 2.6
    Ghana Cedis (GHS) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A portion of Onua Do Group's $1,075 loan helped a member to purchase grocery items such as rice, bread, eggs, detergent, diapers, sardines, Milo, milk, and sugar to sell.
87% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 27, 2014
Listed
Mar 18, 2014
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2014