Greda Traders Group
They sell commodities like cassava, plantain, yam, maize (grain), Sprite, Coca-Cola, corn, charcoal, palm oil, carpentry services and fish. They are married and living in Teshie. The total amount they need is 9,300 GHS.
Joseph (second from right, squashing), buys his rice, sugar and Milo from the depot. He plans to own a retail shop of provisions. His kiosk is at the central market of Accra. He can make a profit margin of 80 GHS monthly. Part of this profit is for reinvestment and part is for completion of his building project.
About ID GhanaID 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.
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