They chose to be traders because they could not pursue their high education, and they have not regretted to have chosen trading as a profession. They sell cement, beans, fresh/smoked fish, and shirts.
Daniel 34 years old and is a single parent of two children. The children are all in school. He sells cement in the market where customers from in and around his environs come to buy products. This is his fourth loan cycle and needs an amount of GHS 1,200 to be able to buy more cement to meet current demands.
Daniel and his colleagues need a total amount of GHS 3,350 to buy more goods to sell to 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