Ngaakoom group is made up of 13 members who are all women with ages range from 31 to 46 years. They all live in the southern part of the township. Out of the 13, 12 are married with children and the remaining one is a single parent. They sell the following items: provision, beans, fish, stationery, foodstuff, cutlery sets, fruits, second-hand clothing, sport kits and drinks.
Samiria is 41 years old. She is married to a 42-year-old who works in the civil service and they have 2 children who are schooling. For the past 11 years, she runs a provision store and a drinking spot as her economic activity. Samiria’s business is doing very well and she is able to make monthly profits of about GH 120.
Samiria is requesting her first loan from ID Ghana to purchase products such as Coca-Cola, soda, sachet water, and other non-alcoholic drinks. Her dream is to own a house and expand her business.
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.