ID Ghana
Status update — August, 2024
Kiva and ID Ghana have agreed to end their partnership after close to 12 years and over $7.1m in loans raised. This Lending Partner has repaid all its outstanding balance to Kiva in full, and these funds have been distributed to lenders. We thank ID Ghana for the years of collaboration and wish them success in their future endeavors.
Kiva conducts regular, ongoing monitoring of all Lending Partners, but only posts status updates here in response to relevant, major changes at the partner.
Partner Description:
ID Ghana is a microfinance NGO that provides financial and social services to underserved urban communities in Ghana. With five branches throughout Accra, the organization has a loan portfolio of over USD$1 million and about 9,300 active clients, including about 6,200 borrowers.
ID Ghana offers two main types of loan products: individual loans for micro-entrepreneurs, and group loans that allow clients to borrow individually with no group liability. The latter is designed to extend capital to very poor individuals who lack collateral. In addition to loans, the organization offers clients voluntary health insurance and remunerated savings accounts, as well as services that facilitate savings. These options are tailored to the poor and very poor clients.
ID Ghana’s socially-oriented business model also provides clients with a number of non-financial services. These include 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.
Committed to transparency and client protection principles, ID Ghana has demonstrated its ability to operate self-sufficiently without increasing interest rates. Its partnership with Kiva will help strengthen its social mission by adding a new source of flexible, risk-tolerant capital.
You can learn more about ID Ghana and its programs on its Facebook page. Check in regularly for updates!
Repayment Performance on Kiva
This Lending Partner | All Kiva Partners | ||
Start Date On Kiva | May 11, 2012 | Oct 12, 2005 | |
---|---|---|---|
Total Loans | $7,195,225 | $2,061,041,065 | |
Amount of raised Inactive loans | $0 | $311,410 | |
Number of raised Inactive loans | 0 | 365 | |
Amount of Paying Back Loans | $0 | $151,019,205 | |
Number of Paying Back Loans | 0 | 179,653 | |
Amount of Ended Loans | $7,195,225 | $1,864,416,345 | |
Number of Ended Loans | 6,741 | 2,517,078 | |
Delinquency Rate | 0.00% | 11.65% | |
Amount in Arrears | $0 | $10,591,703 | |
Outstanding Portfolio | $0 | $90,885,235 | |
Number of Loans Delinquent | 0 | 34,499 | |
Default Rate | 0.13% | 1.83% | |
Amount of Ended Loans Defaulted | $9,076 | $34,067,325 | |
Number of Ended Loans Defaulted | 183 | 91,294 | |
Currency Exchange Loss Rate | 1.93% | 0.47% | |
Amount of Currency Exchange Loss | $139,002 | $12,915,654 | |
Refund Rate | 0.00% | 0.55% | |
Amount of Refunded Loans | $0 | $11,263,070 | |
Number of Refunded Loans | 0 | 9,868 |
Loan Characteristics On Kiva
This Lending Partner | All Kiva Partners | ||
Loans to Women Borrowers | 90.44% | 78.51% | |
---|---|---|---|
Average Loan Size | $288 | $393 | |
Average Individual Loan Size | $424 | $585 | |
Average Group Loan Size | $1,253 | $1,914 | |
Average number of borrowers per group | 4.5 | 8.3 | |
Average GDP per capita (PPP) in local country | $3,500 | $5,592 | |
Average Loan Size / GDP per capita (PPP) | 8.23% | 7.03% | |
Average Time to Fund a Loan | 7.46 days | 9.14 days | |
Average Dollars Raised Per Day Per Loan | $38.57 | $43.02 | |
Average Loan Term | 6.69 months | 11.5 months |
Journaling Performance on Kiva
This Lending Partner | All Kiva Partners | ||
Total Journals | 220 | 1,228,446 | |
---|---|---|---|
Journaling Rate | 3.23% | 41.93% | |
Average Number of Comments Per Journal | 0.00 | 0.02 | |
Average Number of Recommendations Per Journal | 0.00 | 0.55 |
Borrowing Cost Comparison (based on 2016 data)
This Lending Partner | Median for MFI's in Country | All Kiva Partners | ||
Average Cost to Borrower | 48% PY | 53.00% PY | 27.12% PY | |
---|---|---|---|---|
Profitability (return on assets) | 10.12% | 0.3% | -1.71% | |
Average Loan Size (% of per capita income) | N/A | 13.00% | 0.00% |
Country Fast Facts
- Country:
- Ghana
- Capital:
- Accra
- Official Language:
- Asante 14.8%, Ewe 12.7%, Fante 9.9%, Boron (Brong) 4.6%, Dagomba 4.3%, Dangme 4.3%, Dagarte (Dagaba) 3.7%, Akyem 3.4%, Ga 3.4%, Akuapem 2.9%
- Population:
- 25,758,108
- Avg Annual Income:
- $3,500
- Labor Force:
- agriculture: 56%, industry: 15%, services: 29%
- Population Below Poverty Line:
- 28.50%
- Literacy Rate:
- 71.50%
- Infant Mortality Rate (per 1000):
- 38.52 deaths
- Life Expectancy:
- 65.75 years