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Rosedek Group
In this Group: Edith, Nancy, Peter, Mercy, Mary
This group consists of five members. The featured borrower is Nancy. She is 36 years old and married with three children. She sells fish in her community. The loan she is requesting will be used to buy three cartons of fish, which she will sell to customers. With this loan, Nancy has been able to increase her merchandise and her earnings.

The other members are as follows:
Edith is 36 years old and sells fish from her home.
Peter, age 35, sells insecticides and other chemicals in his community.
Mercy, age 38, sells pastries through hawking.
Mary, age 42, sells rice and tomatoes.

This group is on its fifth loan cycle with ID-Ghana. They have demonstrated that they are responsible members and have the spirit to succeed.

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
  • 7
    View loans »
    Ghana Loans Fundraising
  • $10,839,425
    Funds lent in using Kiva
  • 3.1
    Ghana Cedis (GHS) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A portion of Rosedek Group's $1,250 loan helped a member to buy three cartons of fish, which she will sell to customers.
96% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 12, 2014
Listed
Jun 22, 2014
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2015