Number 15 Group
Christiana sells chickens and rice from door to door. She has been doing this for 19 years, and it is going well. Her earnings have grown, so she has been able to buy more chicken and rice to meet her customers' demand.
This is Christiana's 3rd loan cycle, and she needs 300 Ghana cedis (GHC) to buy more rice and chicken meats. The other members of the group include Josephine, who would like to buy milo, milk and sugar, Emelia who sells fish and Rebecca who sells cooking utensils. The group also includes Mary, who sells charcoal, Diana selling yams, Rebecca selling fish and Paulina selling plates. They need a total amount of GHC 3,250 to buy enough commodities for their customers.
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