Getrude is a 36 years old and married to Robert, a 44 year old business man. They are blessed with 2 children. She has been with ID Ghana for the past year and doing very well in her business.
She has been operating this business for 6 years. She is grateful to ID Ghana for the financial training she has received which has motivated her to save money in order to achieve her dream.
This is her 2nd loan and she is requesting GHS 350 to buy more slippers to sell to her customers.
The group needs a total amount of GHS 1,000 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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Success!! The loan was 100% repaid