Felicia is 46 years old and she sells vegetables and fish. She is married to a mason who is 44 years and has two children. This is her 5th loan cycle with ID-Ghana. She was given a loan amount of 600 Ghana cedis and finished paying on July 24, 2012. She buys her items from the wholesale market and sells at her residence in Teshie. Her monthly profit is 100 Ghana cedis of which she uses part to assist her husband and part for reinvestment.
They need a total amount of 1,400 Ghana cedis.
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