Mary is a 38-year-old bag seller. This has been her work for the past 6 years and she is doing very well. Because of her integrity and frankness, all her customers have her at heart. She has been with ID Ghana for the past 3 years and still loves to be part of us.
She has taken 5 loans and has fully repaid them all. On her sixth loan, Mary is requesting GHS 1,500 to help her meet her customers' demands.
The group needs an amount of GHS 2,300 to buy more goods to sell to their respective customers in and around Dansoman.
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