Ghana Women Fund (GWF) Ltd was established in 2001 to cater to women who ordinarily cannot access credit services from regular banks and financial institutions. In 2010, GWF launched a new credit program that offers water and sanitation loans to people in Ghana living in slums and informal settlements. The high density of unplanned houses in slum areas of Ghana makes it virtually impossible for the communities to have piped water connections or sanitary facilities. The only feasible solution for sustainable clean, safe and hygienic water and sanitation services in these slums has been through privately owned services charged at nominal fees. 
GWF’s water and sanitation loans are used to provide safe, clean and hygienic water and sanitation facilities that improve the health of the people living in these slum areas. Given the huge populations living in Ghana’s slums, the demand is very high for GWF’s loans.
A unique lending approach:
The target population for the water and sanitation loans is micro-entrepreneurs who live in the slums. GWF identifies and trains potential entrepreneurs who want to engage in water-related businesses such as water kiosks, bath services for public use and sachet water production. The loans offer micro-entrepreneurs an opportunity to improve their economic livelihood through increased income. While improving their own lives, the entrepreneurs also bring cleaner water to the slum communities in Ghana where they live.  

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Dec 19, 2014 Oct 12, 2005
Total Loans $144,775 $874,644,300
Amount of raised Inactive loans $8,850 $720,425
Number of raised Inactive loans 14 539
Amount of Paying Back Loans $104,125 $136,368,450
Number of Paying Back Loans 142 166,564
Amount of Ended Loans $31,800 $737,555,425
Number of Ended Loans 62 916,395
Delinquency Rate 27.66% 8.50%
Amount in Arrears $15,386 $7,484,970
Outstanding Portfolio $55,625 $88,021,318
Number of Loans Delinquent 81 22,477
Default Rate 0.00% 1.32%
Amount of Ended Loans Defaulted $0 $9,710,817
Number of Ended Loans Defaulted 0 27,169
Currency Exchange Loss Rate 0.77% 0.44%
Amount of Currency Exchange Loss $1,121 $3,823,595
Refund Rate 11.52% 0.65%
Amount of Refunded Loans $16,675 $5,700,625
Number of Refunded Loans 22 5,834

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 70.92% 74.90%
Average Loan Size $673 $407
Average Individual Loan Size $673 $640
Average Group Loan Size $0 $1,805
Average number of borrowers per group 0 7.8
Average GDP per capita (PPP) in local country $3,500 $5,934
Average Loan Size / GDP per capita (PPP) 19.22% 6.87%
Average Time to Fund a Loan 4.4 days 6.92 days
Average Dollars Raised Per Day Per Loan $153.06 $58.87
  Average Loan Term 12.24 months 11.05 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 57 447,205
  Journaling Rate 44.34% 41.58%
  Average Number of Comments Per Journal 0.00 0.05
  Average Number of Recommendations Per Journal 0.00 1.27

Borrowing Cost Comparison (based on 2014 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 43% PY 53.00% PY 26.87% PY
  Profitability (return on assets) -2.2% 0.3% -0.78%
  Average Loan Size (% of per capita income) N/A 13.00% 18.82%

Country Fast Facts

Field Partner Staff

Anita Aboagye
Emmanuella Sekyi