The loan they will receive will benefit small businesses, such as the one run by Naomi. She joined ID-Ghana a year ago and came together with other members to form this group. She currently has a business selling milk, eggs and bread, a business she started on her own initiative 15 years ago. The share of the loan that Naomi will receive will be used as working capital, to buy one carton of milk and three crates of eggs. She buys them wholesale at markets and then sells them from her own store. The money she earns allows her to maintain her family as best she can. She is married and has three children. Naomi is 38 years old, and her husband is a tailor.
What Naomi cherishes most about ID-Ghana is the health insurance subsidy policy. Clients of ID-Ghana enjoy subsidized registration for national health insurance, so that they can enjoy good health.
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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