Lizzy's Group is a self-help group made up of 8 members. The members of Lizzy's Group are all women from Teshie in Accra-Ghana. They formed this group to support the welfare of its members. They sell fish, second-hand clothing, and sandals.
Agnes is a 38 year old woman living with her husband and three children. She sells fish at her residence. The fish business moves very fast because fish is a perishable commodity. She sells different types of fish, based on the demand from her customers. She has requested a loan of 400 Ghana cedis to purchase more fish to sell. She has a very good relationship with her customers, because she learned about customer care from ID Ghana.
This is her 4th loan from ID-Ghana.
The group needs a total loan of 2,500 Ghana cedis for use in the members' 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.