Last updated January 24, 2013

Partner Description:

Grameen Ghana is a microfinance institution that aims to alleviate poverty in rural Northern Ghana by empowering underserved communities through financial services and educational training. The organization currently serves 13 districts that are home to some of the poorest people, providing the country’s most vulnerable groups with microcredit, food security and education.

Since its creation in 2003, Grameen Ghana has shown extraordinary commitment to connecting Ghana’s financially excluded communities with access to capital.

Today, Grameen Ghana serves over 11,000 clients -- 98% of whom are women -- and provides them with four financial products:
(1) Basic or income generating loans.
(2) Shea loans, for shea nut pickers and processors.
(3) Agricultural loans that provide farmers with funding for activities including cultivation, inputs, and harvesting.
(4) Energy or solar loans, to help clients purchase solar lighting devices in conjunction with Impact Energies.

In addition to its microfinance services, Grameen Ghana promotes entrepreneurship and financial empowerment surrounding communities through various credit and financial literacy trainings, savings programs and educational courses

A unique lending approach:

As well as supporting Grameen Ghana’s expansion into other underserved communities, Kiva lenders’ funds will help the organization to grow and develop two of its highly catalytic loan products: the Agriculture/Shea loans and the solar loans.

Given that farming is the main source of income for most borrowers, Grameen Ghana will use Kiva funding to increase the number of its high-demand Agribusiness and Shea loans. Together these products currently account for slightly more than half of the organization’s outstanding loans.

Kiva funding will also allow Grameen Ghana to expand its solar loan outreach and develop its current partnership with  Impact Energies to offer a wider range of solar products to more clients. Due to funding constraints, loans had  previously been limited to existing clients and low-value lighting products.

 

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Feb 28, 2014 Oct 12, 2005
Total Loans $54,800 $573,010,825
Amount of raised Inactive loans $0 $311,275
Number of raised Inactive loans 0 306
Amount of Paying Back Loans $54,800 $117,333,875
Number of Paying Back Loans 25 122,956
Amount of Ended Loans $0 $455,365,675
Number of Ended Loans 0 580,312
Delinquency Rate 0.00% 3.62%
Amount in Arrears $0 $2,773,489
Outstanding Portfolio $49,708 $76,542,883
Number of loanDelinquent 0 11,589
Default Rate 0.00% 1.08%
Amount of Ended Loans Defaulted $0 $4,927,943
Amount of Ended Loans $0 $455,365,675
Number of Ended Loans Defaulted 0 15,212
Currency Exchange Loss Rate 1.33% 0.07%
Amount of Currency Exchange Loss $728 $406,266
Refund Rate 0.00% 0.78%
Amount of Refunded Loans $0 $4,479,350
Number of Refunded Loans 0 5,008

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 96.30% 74.23%
Average Loan Size $106 $418
Average Individual Loan Size $1,500 $656
Average Group Loan Size $2,221 $1,823
Average number of borrowers per group 21.4 8
Average GDP per capita (PPP) in local country $2,643 $3,442
Average Loan Size / GDP per capita (PPP) 4.03% 12.16%
Average Time to Fund a Loan 4.14 days 5.5 days
Average Dollars Raised Per Day Per Loan $25.72 $76.14
  Average Loan Term 7.89 months 10.24 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 0 286,081
  Journaling Rate 0.00% 42.44%
  Average Number of Comments Per Journal 0.00 0.08
  Average Number of Recommendations Per Journal 0.00 1.94

Borrowing Cost Comparison (based on 2012 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Portfolio Yield 29.00% 53.00% 33.65%
  Profitability (return on assets) -1.2% 0.3% -1.29%
  Average Loan Size (% of per capita income) N/A 13.00% 41.84%

Country Fast Facts

Field Partner Staff

Anas Abukari
Mohammed Al-Hassan Adams
Mohammed Alhassan
Adam Mohammed Gadam
Mugmin Musah
Nathaniel Sulemana