Gladys is a 42 year old trader, married to Israel, 53 years old, and they have children. She has been with ID Ghana for the past two years and doing very good with both her business and family. She has been selling cosmetics and ladies bags for seven years. She hawks from Mondays through to Saturdays, a routine she has gone through with her mother but with her savings thanks to ID Ghana, she was able to build a store where she now sells.
Thanks to ID Ghana’s training on savings, she has made it this far. She has been able to, thanks to this business and with the help of her husband, to educate their children up to the high school level.
Jonathan deals in electrical parts.
This is Gladys's 5th loan and she needs GHS 950 to buy more cosmetics to sell to her customers. They need a total amount of GHS 1,250 to buy more goods to sell to their customers in the community.
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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