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Margaret Group
In this Group: Margaret, Faustina, Janet, Alexander, Rebecca, Leticia
The group is made up of five women and one man who have been accessing loans from ID-Ghana (MFI) since 2010. They are: Margaret, a charcoal seller; Faustina, a kenkey seller (cooked corn paste); Leticia, a fish seller; Janet, a gari seller (fried cassava paste with oil to remove moisture); Alexander, a khibab seller (the roasted meat of all kind of animals); and Rebecca, a cosmetics seller.

ID Ghana has been of great service to them since they have been able to grow their small businesses through the credit scheme.

Margaret is a 30-year-old charcoal seller married to Justice, who is a 34-year-old driver. She has 8 years experience. She works 6 days a week (from Monday to Saturday). She is constantly working to improve on her business capital. This is her 2nd loan with ID-Ghana and she is requesting an amount of 700 GHC to buy charcoal to sell to her customers in her community. She sells to generate money to take care of family and business.

The group needs a total amount of 2,600 GHC for business expansion.

Additional Information

About ID Ghana

ID Ghana is a microfinance NGO that provides financial and social services to underserved urban communities in Accra. ID Ghana’s socially-oriented business model provides clients with a number of social services, including financial literacy training, group discussions led by peer educators on health and nutrition education, child schooling, basic medical services, and counseling and legal services for women victims of violence.

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
  • 26
    View loans »
    Ghana Loans Fundraising
  • $12,634,025
    Funds lent in using Kiva
  • 1.9
    Ghana Cedis (GHS) = $1 USD

Success!! The loan was 100% repaid

A portion of Margaret Group's $1,375 loan helped a member to buy more charcoal to supply to customers.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Dec 13, 2012
Jan 1, 2013
Currency Exchange Loss:
Jul 17, 2013