Aku is 44 years old and lives Accra North Area, Ghana. She travels to market to purchase sandals, ready-made dresses and she sells them to customers. She is married to Bismark who is a draughtsman and has two children between the ages of 16 and 20 years old, both of whom attend school.
Aku has been doing this business for 12 years, a business she started with money given to her by her husband. She learned this way of selling from her friends.
Aku is requesting a loan to purchase more sandals, shoes, and ready-made materials to sell to customers. Her future plan is to educate all of her children.
The group needs a total amount of GHS 3,500 to buy enough goods to sell to customers.
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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