They are Rebecca, Lydia and Felicia who sell fish, tomatoes and charcoal respectively.
Lydia and Felicia are in their second loan with Kiva. They were members of Noyaa but they moved to join Becky's group for convenience.
Felicia is a 39-year-old trader and has been in the tomato business for the past eight years. She works from Monday to Saturday.
This is her fourth loan with ID Ghana and she needs GHC 550 to buy more tomatoes to sell to her customers in the community.
She sells to generate money to take care of her expenses and for her housing project. She buys from the village and sells in her community.
The group needs a total amount of GHC 1,350 to expand their businesses and buy more products to meet the demand of their respective 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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Success!! The loan was 100% repaid