Para Janet Group
Janet is a 50-year-old married women with 1 child. Her husband works with the Ministry of Agriculture in Ghana while the daughter is in high school. She sells cooking utensils and silver products. She buys from the central market in Accra and supplies to customers in Teshie. She need this loan to be able to meet customer demand. She makes a profit of 100 GHS monthly.
She needs an amount of 700 GHS to be able to expand her business.
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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Success!! The loan was 100% repaid