The leader of the group, Joana, is 41 years old. She is married to Patrick and has two children, both of whom are still dependent and are going to school.
Joana herself attended school to the secondary level, and it is nearly eight years since she started her business selling maize from home. She does this in order to provide for her own needs and those of her children. She buys from suppliers in a market in Ghana.
In order to improve customer satisfaction, Joana is requesting 1,400 GHS (Ghana cedis) along with the other member of the Joana's group. This loan will help her to meet customer demand and make a bigger profit.
They need a total amount of 1,900 GHS to be able to meet customers' needs.
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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