Happy is 54 years old. She is a provisions and maize (corn) seller who is single but has three daughters, all in school. They live together in a family house. She operates her business at her residence in a wooden structure. She sells from 7:30 am to 9:00 pm and business is good in its current location. This is her 5th loan cycle with ID-Ghana and she is requesting 1,200 Ghana Cedi to buy more maize, potatoes, Milo, rice, sugar, biscuits, toffees and milk. She is standing at the back with a white sleeveless top in the photograph.
She was given a previous loan of 1,000 Ghana Cedi in her 4th loan cycle and she finished paying it back on the 25th of September 2012. After ten years working experience, she believes ID-Ghana loans are good, flexible and reliable for traders like her and her group members.
She is therefore focusing on her children education for now and taking on a building project on her own with the support of Kiva.
The group needs 3,950 Ghana Cedi to improve the standards of 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.
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Success!! The loan was 100% repaid