Gladys, 35, is married with two adorable children who are of school-going age. She did not have the opportunity to go to school herself. She sells foodstuffs like cassava and plantains. She began this business by learning it from her mother and now she has ten years of experience. She joined this group and has decided to request a loan of GHS 800 to be used to purchase of cassava and plantains. In this way, she can increase her working capital.
The other members are Sampson, Rita, Peter, Edith, Nancy, Comfort and Sabina, and the other members of the group make their livings in sales.
Their businesses include secondhand vehicle spare parts, dress materials, manufacturing of sandals and shoes, fish, and provisions.
In the future she hopes to have enough capital to be able to supply to her numerous customers, which is her ambition.
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.