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Krowor Ladies 2 Group
In this Group: Lealn, Rose, Ayeley, Margaret, Comfort
Comfort runs a grocery store. She is the leader of a loan group made up of five members who work selling slippers, underwear, groceries, and the provision of hairdressing. Comfort started her business with the support of her mother, who also had a grocery store, and she decided to start out on her own after many years. She joined ID-Ghana a year and a half ago at the invitation of a sister-in-law who is a member of the institution. When asked what she likes about ID-Ghana, Comfort responds that she likes the training that the institution offers her.

Comfort will use her portion of the loan to purchase wholesale groceries to sell at her store. The group loan will benefit small micro-businesses like hers. Comfort’s loan will allow her to generate resources to maintain her family, since she is single and has a son.

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.

About Ghana

  • $2,643
    Average annual income
  • 40
    View loans »
    Ghana Loans Fundraising
  • $11,092,500
    Funds lent in using Kiva
  • 3.1
    Ghana Cedis (GHS) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A portion of Krowor Ladies 2 Group's $1,525 loan helped a member to purchase wholesale groceries to sell.
96% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 22, 2014
Listed
Jun 20, 2014
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2015