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Greda Group
In this Group: Honu, Afi
These members are part of the group called Greda which is composed of two persons who are friends residing in the same area. The group representative, Afi, is the one standing on the left in the photograph. She is 37 years old and a single mother of one child. She ensures that her household expenses are covered. She stopped going to school at the elementary level.

To meet her needs and those of her child, Afi sells groceries, charcoal, wooden doors, chairs and nails. She has been operating her business for nearly four years. She gets her supplies from a market in Accra.

This fourth loan will surely enable Afi and her friend Honu to boost their businesses and increase their customer base, as well as their revenues.

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
  • 31
    View loans »
    Ghana Loans Fundraising
  • $11,122,525
    Funds lent in using Kiva
  • 3.1
    Ghana Cedis (GHS) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A portion of Greda Group's $650 loan helped a member to buy and sell groceries, charcoal, wooden doors, chairs and nails.
97% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 5, 2014
Listed
Jun 22, 2014
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2015