Sampson, who has received loans from ID-Ghana for three years, is 34 years old, single, and has one child. He works in order to improve his finances and pay his child's school fees. They live in a rental property.
Sampson, a determined man who spends time taking care of his child and concentrating on his work, sells all types of shoes. He has been in business for ten years and is doing very well. His new loan will be used to purchase two boxes of shoes to sell. One of his dreams is to have a house of his own.
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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