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Nkosuo Group
In this Group: Joyce, Justina, Esi, Cynthia, Sumaya
Joyce is forty years old. She is married and has given birth to four children, all in school. She lives with her husband and children in a rented apartment in Axim. Axim is along the coastal area in the western region of Ghana. Fishing is the major occupation of the people.

She is a baker. Joyce is the leader of a trust bank group called ‘Nkosuo,' meaning progress. The members of the group are mainly into fishing and other commercial activities and they request a loan to procure goods in bulk to expand their businesses. Joyce, the group leader, is in the middle of the photograph. It is their desire to give their children the best of education they can afford.

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
  • 20
    View loans »
    Ghana Loans Fundraising
  • $12,634,025
    Funds lent in using Kiva
  • 1.4
    Ghana Cedis (GHS) = $1 USD

Success!! The loan was 100% repaid

A portion of Nkosuo Group's $1,975 loan helped a member to buy stock.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Dec 2, 2009
Dec 7, 2009
Currency Exchange Loss:
Sep 2, 2010