Justice is a 40-year-old barber and barbering accessories seller. He is married to a 40-year-old hairdresser, and they have three children. He has been doing this job for 10 years. He is in his fifth loan cycle; the fourth loan of 500 Ghana cedis was used to build a container in which he operates the business now. He now needs 500 Ghana cedis to buy barbering accessories like a haircut machine and sterilization machine. The container is built beside the main high street of the town. He is able to make 80 Ghana cedis daily.
They need a total of 1,650 Ghana cedis to be able to sustain their businesses.
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.
18View loans »
Success!! The loan was 100% repaid