Mary is the general leader and the leader here too. She is 53 years old and has three adult children who are on their own. She has worked, for eight years now, by supplying fish to customers around Teshie and Nungua.
This is her fifth loan with ID-Ghana and she is requesting a loan of 1500 GHS to buy three cartons of fish to supply to her customers. Her customers come home for their goods. Payments are made instantly, which make it more secure and prudent.
Mary faces challenges in her business; it is competitive as there are other fish sellers around, but her customer-care strategy makes her top them all. She desires for her business to continue increasing its earnings and continue growing. She feels happy and grateful for Kiva's support.
Mary, together with Beatrice, needs a total amount of 1900 GHS to be able to expand their businesses.
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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