Susuana is a 49-year-old foodstuff (plantain, cassava, vegetables, fish, coco-yam) seller. She is married to Emmanuel, a 55-year-old construction worker. She needs a loan of GHS 1,500 to buy more goods to sell to her customers. She has been in this business for the past 13 years and is doing very well. She is very loyal and truthful with the loans she took from ID Ghana and is now applying for her fourth loan to meet her customers’ demands.
The entire group needs an amount totaling GHS 6,700 to expand and buy more goods to meet the demand of their respective 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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