This group consists of two members, Rose and Diana. They sell provisions, sachet water and soap, in the community. They have been together from 2011 to date and are doing very well. Rose is a 56-year-old who sells sachet water and soap. She is a widow and lives with two grown children. She has been in this business for eight years. She works from Mondays to Saturdays. This is her fifth loan, and she needs GHS 1,000 to buy 50 bags of sachet water and 3 boxes of soap to sell to her customers. She has been able, through her business, to provide her grown-up children with quality educations. She is grateful to ID Ghana. The group members need a total of GHS 2,000 to buy more items to sell to their customers in the Teshie community.
About ID Ghana
ID 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.