Adjorkor is 61 years old and a widow with three adult children. She completed elementary six school. She is engaged in a 'kenkey' (corn paste) and fish business and started with a small amount of money she had saved. To date, she has ten years of experience. Adjorkor is requesting a loan to purchase fish, corn, corn husks and firewood to prepare 'kenkey' and sell to customers. In the future, she wishes to open many stands to sell to a large number of people.
The other members of the group are engaged in business and are requesting a total amount of GHS 900.
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.