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Biakoye Group
In this Group: Faustina, Margaret, Hannah, Rebecca, Gladys, Leticia
These ladies are part of the group called Biakoye and they are composed of six members for this loan. All the members of the group are women. Four are married with three children on the average under their care. They are natives of Teshie-Accra which is part of the coastal part of the country. They are all hard-working and responsible individuals. Today they strive from day-to-day to provide their children a better future.

The featured borrower is Margaret who was born in 1983. She is married with three children. She has been selling charcoal for 9 years. She works 12 hours per day offering her product from her house. The objective of the loan is to provide her working capital for buying and selling three big bags of charcoal so in the near future she can generate more income. This group is grateful for the support that the lenders of Kiva offer so that their small businesses will grow.

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
  • 5
    View loans »
    Ghana Loans Fundraising
  • $10,860,250
    Funds lent in using Kiva
  • 2.5
    Ghana Cedis (GHS) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A portion of Biakoye Group's $1,775 loan helped a member to buy and sell three big bags of charcoal.
85% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 5, 2014
Listed
Mar 15, 2014
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2014