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Megyefo Nyame Group
In this Group: Abena, Suzzy, Patience
The Megyefo Nyame (God the savior) group is made up of three people who live in the same neighborhood. The featured borrower of this group, named Abena, is standing on the right in the photo. This is the seventh time that this group requests financial help from ID-Ghana in order to raise the standard of their activities.

Abena lives with her husband and has two children. All of them go to school and all of them are dependent on them. Abena and her husband are responsible for the family expenses. She did not go to school.

Abena has been selling Shea butter and other creams for both body and hair in her neighborhood, which enables her to provide for her family. She buys her stock at a market in Ghana.

Hoping to improve service to her customers, Abena and the other members of the Megyefo Nyame group request a seventh loan from ID-Ghana. The previous loans were correctly repaid.

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
  • 31
    View loans »
    Ghana Loans Fundraising
  • $11,338,825
    Funds lent in using Kiva
  • 3.0
    Ghana Cedis (GHS) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A portion of Megyefo Nyame Group's $1,400 loan helped a member to buy Shea butter and other creams both for body and hair to sell to customers.
97% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 20, 2014
Listed
Jul 13, 2014
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2015