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 $417,450 $1,446,471,475
Amount of raised Inactive loans $0 $1,203,625
Number of raised Inactive loans 0 194
Amount of Paying Back Loans $103,300 $145,191,200
Number of Paying Back Loans 99 163,527
Amount of Ended Loans $314,150 $1,300,076,650
Number of Ended Loans 436 1,704,858
Delinquency Rate 100.00% 23.51%
Amount in Arrears $31,801 $21,703,337
Outstanding Portfolio $29,992 $92,297,732
Number of Loans Delinquent 99 74,988
Default Rate 6.20% 1.73%
Amount of Ended Loans Defaulted $19,482 $22,477,325
Number of Ended Loans Defaulted 45 54,469
Currency Exchange Loss Rate 1.09% 0.40%
Amount of Currency Exchange Loss $4,556 $5,836,094
Refund Rate 5.25% 0.63%
Amount of Refunded Loans $21,925 $9,148,850
Number of Refunded Loans 33 8,475

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 75.63% 76.66%
Average Loan Size $774 $395
Average Individual Loan Size $774 $611
Average Group Loan Size $0 $1,772
Average number of borrowers per group 0 7.8
Average GDP per capita (PPP) in local country $3,500 $5,731
Average Loan Size / GDP per capita (PPP) 22.10% 6.89%
Average Time to Fund a Loan 6.31 days 7.41 days
Average Dollars Raised Per Day Per Loan $122.57 $53.30
  Average Loan Term 10.1 months 11.37 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 152 909,721
  Journaling Rate 23.93% 43.86%
  Average Number of Comments Per Journal 0.00 0.03
  Average Number of Recommendations Per Journal 0.00 0.70

Borrowing Cost Comparison (based on 2016 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 42% PY 53.00% PY 25.38% PY
  Profitability (return on assets) -4.6% 0.3% -1.35%
  Average Loan Size (% of per capita income) N/A 13.00% 12.34%

Country Fast Facts

Field Partner Staff

Anita Aboagye
Eugenia Hammond
Pearl Mingle
Emmanuella Sekyi