Hellen is a 45-year-old charcoal seller who is married to a 52-year-old driver. They have two children, all boys. She has been doing this job for 12 years and is in her third loan cycle with ID-Ghana. She has repaid all loans without trouble. Now she is requesting 300 GHS to buy four sacks of charcoal in order to supply her customers. She buys from the market at wholesale prices and sells to customers at retail prices. Her ambition is to also become a wholesale charcoal supplier in the Teshie-Nungua area.
Hellen, Gifty, and Georgina need a total amount of 850 GHS to be able to expand 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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