Maa U Group
Vida is a 28-year-old seller of bowls and second hand clothing. She is married to John, a 32-year-old mechanic. They have been blessed with two children. She has been with ID Ghana for the past year and is doing very well in her business. She has been doing this business for six years.
Vida is grateful to ID Ghana for the training on savings, which motivated her to save to achieve her dream. This is her third loan, and she needs GHS 1,000, which she will use to buy more bowls and clothes to sell to her customers. The entire group needs a total amount of GHS 2,150. They will use the loan to buy more goods, to resell 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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