Old Mana Group
Benjamin is the leader of this group. He is 51-years-old and married to Patience, 45, who is a trader. They have 2 children, Grace, 25, and Patrick, 20, both in school.
He is a maize supplier who supplies corn to customers in and around the Teshie Township. He has been doing this work for ten years and comments that the maize business is very profitable since it is a consumable commodity. His income has improved considerably. He needs GHC1200 to buy enough maize to supply his customers. He is working hard to buy a milling machine that would be used to mill some of the maize since some customers prefer the corn dough.
The group is made up of Lawrence, Matilda, Ellis, Edmund, Charity, Deborah, Josephine, Benjamin and Doris who sell fried rice, fish, electrical appliances, provisions, ladies bags, cooking utensils and drinks respectively. They need a total amount of GHC6450 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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