Janet is a member of the Comfort Group. She is 37 years old, single, and has three children. Her oldest child is 13 years old, and her youngest is 8 years old. All of her children are in school.
She is requesting this loan to buy towels and bedsheets. She is expecting no difficulty in repaying her loan because this is her fourth loan with ID-Ghana, and she had paid previous loans without troubles. Her strategy to grow her business is to take this flexible loan and repay without trouble.
Her ambition is to own a second-hand clothing depot and to educate her children.
They need a total amount of 3,000 GHS (Ghana cedis) to be able to grow their businesses.
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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