Alfred was born in Teshie, and he is 35 years old. This is his second loan from ID Ghana. He works in order to take care of the household expenses. He is married to Felicia, who is 34 years old and a trader. They have two children.
He is hardworking, industrious and circumspect in all his dealings, which lead to his business booming. He sells soft drinks. He has been doing this business for nine years, and it is going well. His earnings are getting better, so he buys more inventory to meet his customers' demand.
Alfred and Dora, together, need to borrow a total of 800 Ghanaian cedis to buy more goods to resell to their customers, thus expanding 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