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Upper Traders Group
In this Group: Vida, Yaa, Rosina, Phylis, Sarah, Victoria, Elizabeth, Vida, Gabriel, Mary , Alice
Vida is 46 years old she is married and given birth to six children. Currently they are all in school. She sells porridge at her neighborhood. Porridge is one of the local foods enjoyed popularly as breakfast by almost all Ghanaians. It is prepared from milled maize or millet grains, boiled and taken with sugar, milk and bread or taking with what we called Kose. Kose is prepared from milled beans and it is fried with cooking oil so in just about 20minutes it is ready to be served with the porridge. With large customer base, she wants to use the loan to buy more raw materials like bags of millet, beans, sugar and milk to increase production. She hopes to raise good income to support her kids in school.

She is the leader of a trust bank group called ‘Upper Traders’ which. She is the one sitting in the group photograph. Most of the members of this group are petty traders, food vendors and farmers etc. In this group, members guarantee for one another as social collateral to access the loan and peer pressure to repay the loan.

Additional Information

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.

About Ghana

  • $3,500
    Average annual income
  • 13
    View loans »
    Ghana Loans Fundraising
  • $12,277,625
    Funds lent in using Kiva
  • 1.5
    Ghana Cedis (GHS) = $1 USD

Success!! The loan was 100% repaid

A portion of Upper Traders Group's $4,375 loan helped a member to buy more raw materials like bags of maize, millet, sugar, milk etc.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Aug 11, 2009
Aug 28, 2009
Currency Exchange Loss:
Mar 26, 2010