This group is made up of seven members, all female. The minimum age in this group is 21 years whereas the maximum age is 45 years. Six members are married with children whereas one is single. They sell plastic products, ceremic bowls, children's wear and underwear. The plastic product are shown in the photograph. The women all live in the same neighborhood, so they know each other very well. This is their 1st loan cycle with ID-Ghana but they have been together as a group for two years.
Doris is 31 years old; she sells plastic bowls and underwear. She is married to a fisherman and they have three children. She also supports the sale of fish her husband catches. Her profit for a month is 90 Ghana cedis and she uses part for family expenses and other part for reinvestment. She needs this loan to improve business.
Together they need a total amount of 1900 Ghana cedis to improve their businesses.
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.