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Dromo Naa Group
In this Group: Mary, Elizabeth, Twaiah, Sella, Leticia
Mary is married with one dependent son. She runs a frozen food store. She is the featured borrower of this group of five members who work selling kenkey (cooked corn paste), fish, maize, ground nuts and other provisions.

Mary started her business with the support of her mother, who also had a frozen food store at the market. 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, Mary identifies the training that the institution offers her.

The group loan will benefit small micro-businesses like Mary's. She will use her portion of the loan to purchase wholesale frozen foods to sell to her customers at the market. Her loan will enable her to generate resources to maintain her family's living standards.

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
  • 9
    View loans »
    Ghana Loans Fundraising
  • $10,839,425
    Funds lent in using Kiva
  • 3.0
    Ghana Cedis (GHS) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A portion of Dromo Naa Group's $1,650 loan helped a member to purchase wholesale frozen foods to sell to her customers at the market.
97% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 20, 2014
Listed
Jul 12, 2014
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2015