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 $166,025 $963,206,100
Amount of raised Inactive loans $10,000 $484,950
Number of raised Inactive loans 14 243
Amount of Paying Back Loans $98,950 $145,688,425
Number of Paying Back Loans 123 181,244
Amount of Ended Loans $57,075 $817,032,725
Number of Ended Loans 111 1,025,800
Delinquency Rate 40.26% 8.00%
Amount in Arrears $16,255 $7,668,511
Outstanding Portfolio $40,372 $95,812,281
Number of Loans Delinquent 69 19,432
Default Rate 0.00% 1.40%
Amount of Ended Loans Defaulted $0 $11,451,320
Number of Ended Loans Defaulted 0 32,892
Currency Exchange Loss Rate 0.99% 0.46%
Amount of Currency Exchange Loss $1,645 $4,395,675
Refund Rate 10.04% 0.62%
Amount of Refunded Loans $16,675 $5,946,325
Number of Refunded Loans 22 5,964

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 71.99% 75.33%
Average Loan Size $677 $399
Average Individual Loan Size $677 $631
Average Group Loan Size $0 $1,760
Average number of borrowers per group 0 7.7
Average GDP per capita (PPP) in local country $3,500 $5,880
Average Loan Size / GDP per capita (PPP) 19.33% 6.79%
Average Time to Fund a Loan 4.69 days 6.92 days
Average Dollars Raised Per Day Per Loan $144.41 $57.70
  Average Loan Term 11.94 months 11.11 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 107 501,921
  Journaling Rate 52.78% 41.45%
  Average Number of Comments Per Journal 0.00 0.05
  Average Number of Recommendations Per Journal 0.00 1.17

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 26.14% PY
  Profitability (return on assets) 3.73% 0.3% -1.25%
  Average Loan Size (% of per capita income) N/A 13.00% 16.85%

Country Fast Facts

Field Partner Staff

Anita Aboagye
Emmanuella Sekyi
Leeda W