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Richard's Group
In this Group: Richard , Vida , Veronica
Despite the difficulties in maintaining revenue-generating businesses, these members are very courageous and fairly robust in their determination. They number three, and they sell home appliances, foodstuffs, and clothing.

Richard is the male in this group and the featured borrower. He is 35 years old and married, the father of two children (a girl and a boy).

His business involves the sale of home electrical appliances, which he sells to customers in Dansoman. He purchases them from the wholesaler and sells at retail.

With this loan amount of GHS 1,500, he intends to purchase more appliances to sell to customers.

The profits will be used to manage his family's day to day expenses, and some of it will go into his savings account.

Together, the group needs a total amount of GHS 2,700 to expand their businesses.

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
  • 34
    View loans »
    Ghana Loans Fundraising
  • $12,524,950
    Funds lent in using Kiva
  • 2.2
    Ghana Cedis (GHS) = $1 USD

Success!! The loan was 100% repaid

A portion of Richard's Group's $1,250 loan helped a member to purchase more appliances to sell to customers.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Oct 11, 2013
Oct 29, 2013
Currency Exchange Loss:
May 17, 2014