Margaret is a very hardworking person who has a business selling bags. She states that at first it was a little difficult, but over time she gradually attracted customers and gained confidence, becoming the good small businesswoman that she is today. She works hard and struggles to increase her income and improve each day.
Margaret is requesting this loan to buy more bags to sell. This way, she can continue with her sales, attract more customers, and keep working.
Margaret and the other members of this group are grateful for this opportunity that they are receiving, because it will be a great help to them.
They need a total amount of GHS 1250 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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