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Margaret's Group
In this Group: Margaret , Sekinatu, Regina , Victoria , Elizabeth , Mary , Cynthia
This group was formed in 2010 and is made up of women with a strong desire to follow ID-Ghana policies. They maintain strong relationships among themselves and help each other; they have all lived in the same neighborhood for many years. The women's principal business is selling beads, ladies shoes, slippers, mobile phone credits, foodstuff, and beauty products.

Margaret, 36 years old, (standing third from left with hand in corn) is the featured borrower of the group. She is divorced and is the mother of two children, one boy and one girl. She is in the business of selling corn. With her new loan amount of GHS 1000, she plans to purchase two bags of corn and sell in one week. The profits will allow her to increase her savings and allow her to qualify for larger loans in future loan cycles, and also to take care her children.

Margaret together with other friends will need GHS 4400 to be able to buy enough items and sell to customers.

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
  • 13
    View loans »
    Ghana Loans Fundraising
  • $12,270,275
    Funds lent in using Kiva
  • 2.2
    Ghana Cedis (GHS) = $1 USD

Success!! The loan was 100% repaid

A portion of Margaret's Group's $2,025 loan helped a member buy corn to sell.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Oct 10, 2013
Oct 21, 2013
Currency Exchange Loss:
Apr 16, 2014