Greda Trader's One Group
Grada Trader’s One Group is made up of eight members who are located in Greda Estate in Teshie. This is their second loan from Kiva, and they are counting on Kiva's usual support for GHS 8,800, so that they can expand their businesses.
Yaa is the leader of Greda Trader’s One and Two. She is 65 years old, married to a 68-year-old pensioner who helps her in selling foodstuffs. They have two adult children. Yaa is excited to be taking out her fourth loan from Kiva partner ID-Ghana, after having successfully repaid her previous loans and grown her business. She plans to use this loan of GHS 1,200 to invest in buying palm oil, kennel oil, cassava, plantains and yams. She will reinvest the profits in her business. She started about 20 years ago and has decided to expand her business quickly, since she is helped by her husband. For her future, she is dreaming of improving her business and selling different products. She thanks you all for Kiva’s support.
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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