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Sorlimor Group
In this Group: Harriet, Mary, Lucy, Rebecca, Elena, Diana, Hilda, Gladys, Rebecca
Lucy, in her early thirties, is married and the mother of two children who are in school. She supports her family by running a business. She buys groceries from the market and sells them from morning to 6 p.m. daily. Lucy is able to make a good profit each month. She is so happy with Kiva's support and she believes her business will grow more with it. Lucy is so thankful to everyone who supports her group. Lucy has been in this business for nine years.

This will be Lucy's sixth loan request via ID-Ghana. She used the previous loans, which she repaid successfully, to buy more groceries for her business. Lucy earned profit, which she used to reinvest, build a house and to cover part of their school fees and household expenses. She will use her new loan to buy groceries to sell.

Lucy and the other Sorlimor group members will hold each other accountable for paying back the loan amount of 7,700 GHS.

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
  • 14
    View loans »
    Ghana Loans Fundraising
  • $11,226,450
    Funds lent in using Kiva
  • 3.4
    Ghana Cedis (GHS) = $1 USD
Expired
A portion of Sorlimor Group's $2,250 loan helped a member to buy groceries to sell.
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 1, 2014
Listed
Aug 10, 2014
Currency Exchange Loss:
Possible
Expired:
Sep 9, 2014