The Antehwe Group consists of five women who live in the same town and who are engaged in different businesses: selling fresh fish, ladies’ wear, footwear, beans, maize (corn) and groundnuts. The women know one another because they are from the same neighborhood. Their representative is Sherita, who is 34 years old and married to a civil servant. They have one child. She has been operating her business, selling ladies’ wear and footwear, for over seven years. She is applying for a loan of GHS 600 to bolster her working capital. She would like to increase the goods she offers, to satisfy customer demand, which she cannot meet with her own funds. The new loan will enable her to boost her sales and to earn more money. The profits will enable her to improve her family's food situation and to raise her level of savings. One day, she would like to have her own shoe depot.
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.