Astwei runs a beverage bar in her neighborhood, a business she learned from her mother. Astwei is a single mother with two children, both of whom attend school. She engages in her trade in order to take care of her children and to cover the household expenses, which she handles alone. To meet the family's various expenses, Astwei has been selling drinks like Coca-Cola, Malta Guinness, Sprite, and Fanta in her bar for the past four years. She buys her stock from a distribution depot in Accra.
In order to satisfy the demands of her growing customers and to make more profit, Astwei joins Setina in requesting their fifth loan, totaling GHS 1,700. Their previous loans have all been repaid in a timely and prompt fashion.
This loan will allow both entrepreneurs to serve their customers better. They are counting on Kiva support and are grateful for the help they receive from their lenders.
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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