Last Stop Group
Samuel, the leader of the group, sells material. He is standing second from the left in the photograph. Samuel lives with his wife and two children who are aged 14 and eight and who are both studying. His dream for his family is to give them the best so that they have a good profession in the future.
He has been selling material for 8 years now in a kiosk on the road side. His work schedule is from the morning to evening. The business is located in a strategic area which attracts many potential customers. He buys the material and supplies it to customers in the township. He needs the loan in order to buy more material to be able meet the demand and the competition in the local market.
One of his goals is to continue with the business in order to generate more income to guarantee him quality of life.
The group needs a total amount of GHC 2,400 to be able to expand 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