One of them is Patience, who was selected as their leader. She is a 22-year-old woman living with her husband and two children. She sells fish products in the nearby market. The fish is used for preparation of a variety of foods and has good protein content. She sells different types of fish depending upon the demand of her customers. She has requested a loan to purchase more cartons of fish. She has a very good relationship with her customers because she completes their orders on time.
Patience is requesting a loan of GHS 800 to buy one carton of fish to sell to customers. Emmanuel sells fishing equipment and Mangue sells ceramic and glass products.
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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