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Greda Group
In this Group: Mavis, Josephine
This group is comprised of two hard-working members, and they are into the sale of liquid soap, slippers, hair and body creams, millet, sugar, beans, maize, cooking oil and charcoal.

Mavis is the featured borrower. She is married, and she sells liquid soap and slippers. She has run this business for five years with the help of her husband.

She is seeking a loan so that she can buy more liquid soap and slippers to sell to customers so that she can increase her income.

Her colleague Josephine is 58 years old and sells millet, sugar, beans, maize, cooking oil and charcoal.

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

  • $3,500
    Average annual income
  • 46
    View loans »
    Ghana Loans Fundraising
  • $11,460,400
    Funds lent in using Kiva
  • 3.4
    Ghana Cedis (GHS) = $1 USD

Success!! The loan was 100% repaid

A portion of Greda Group's $900 loan helped a member to buy more liquid soap and slippers to sell to customers so that she can increase her income.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 3, 2014
Listed
Jul 22, 2014
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2015