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Osafo's Group
In this Group: Osafo , Mercy
Osafo represents this group. He is thirty-seven, married and has two children aged five and ten years old, both children are currently attending school.

For the last 13 years Osafo has sold bags. His business strategy is to barter with customers to get the best price. He sells the bags one at a time or in bulk, so the price differs according to the number each customer buys.

Osafo has received eight previous loans through ID Ghana, Kiva's partner, and has a good repayment record. He is now applying for a 2,400 GHS (Ghanaian Cedi) loan so that he could buy plenty and make more profit. He will use his ninth loan to buy more bags to sell.

Osafo would like to open a big store one day. He hopes his children will finish their education and be able to travel overseas to continue their education.

The other member is also requesting a loan of 700 GHS to buy and sell Milo beverages.

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
  • 2.1
    Ghana Cedis (GHS) = $1 USD

Success!! The loan was 100% repaid

A portion of Osafo's Group's $1,500 loan helped a member to buy more bags to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Jul 19, 2013
Aug 10, 2013
Currency Exchange Loss:
Feb 17, 2014