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Promise Group
In this Group: Grace, Hagar, Rebecca, Regina, Theresa, Amina
Grace, age 46, is a baker. She is the one standing in the middle of the group photograph, wearing the yellow top. She has been baking and selling bread in bulk for four years now and has been able to meet the demand of her customers despite having faced numerous challenges. She supplies her wares in the market center to her customers and also offers bulk delivery to customers who require it.

Her only problem now has to do with procuring adequate funds to buy raw materials now that prices are going up. She requests this loan in order to buy stock baking materials like margarine, sugar, firewood, and flour. She is eager to continue to increase profit through her business throughout the extended festive Christmas season.

With the loan, she can continue to provide for her children, especially in terms of ensuring their education. She is the divorced mother of five children, two of whom have graduated from the senior high school: the younger ones are still in school.

She is the leader of a trust bank group called ‘Promise.' Most of the members of this group are petty traders and foods vendors. In this group, members guarantee for one another as social collateral to access the loan, and they support each other in repaying 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
  • $12,270,275
    Funds lent in using Kiva
  • 1.4
    Ghana Cedis (GHS) = $1 USD

Success!! The loan was 100% repaid

A portion of Promise Group's $2,400 loan helped a member to buy baking materials like bags of flour, sugar, margarine, yeast, and firewood.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Dec 23, 2009
Jan 1, 2010
Currency Exchange Loss:
Sep 2, 2010