Kiva conducts regular, ongoing monitoring of all Field Partners, but only posts status updates here in response to relevant, major changes at the partner.

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 $88,975 $605,692,300
Amount of raised Inactive loans $0 $556,050
Number of raised Inactive loans 0 462
Amount of Paying Back Loans $79,700 $120,357,850
Number of Paying Back Loans 34 129,783
Amount of Ended Loans $9,275 $484,778,400
Number of Ended Loans 5 612,884
Delinquency Rate 0.00% 4.05%
Amount in Arrears $0 $3,183,813
Outstanding Portfolio $56,662 $78,590,312
Number of loanDelinquent 0 13,778
Default Rate 0.00% 1.11%
Amount of Ended Loans Defaulted $0 $5,357,098
Amount of Ended Loans $9,275 $484,778,400
Number of Ended Loans Defaulted 0 16,819
Currency Exchange Loss Rate 2.91% 0.09%
Amount of Currency Exchange Loss $2,589 $572,888
Refund Rate 0.00% 0.75%
Amount of Refunded Loans $0 $4,553,925
Number of Refunded Loans 0 5,085

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 97.56% 74.22%
Average Loan Size $105 $419
Average Individual Loan Size $1,500 $656
Average Group Loan Size $2,302 $1,830
Average number of borrowers per group 22.3 8
Average GDP per capita (PPP) in local country $2,643 $3,424
Average Loan Size / GDP per capita (PPP) 3.96% 12.23%
Average Time to Fund a Loan 5.11 days 5.7 days
Average Dollars Raised Per Day Per Loan $20.49 $73.42
  Average Loan Term 7.73 months 10.4 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 2 302,242
  Journaling Rate 25.00% 42.38%
  Average Number of Comments Per Journal 0.00 0.08
  Average Number of Recommendations Per Journal 0.00 1.83

Borrowing Cost Comparison (based on 2012 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 29% PY 53.00% PY 33.28% PY
  Profitability (return on assets) -1.2% 0.3% -1.42%
  Average Loan Size (% of per capita income) N/A 13.00% 38.08%

Country Fast Facts

Field Partner Staff

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