God's Time Group
One member is Cecilia. She is married, 52 years old, and has two children. Her business is selling wax-prints, towels, bed sheets, and kids wear. She has a stall in the market, where she sells her products; she works from 8 am to 5 pm. She already has ten years experience in this business, and it is going very well for her. Her dream is to have a store where she can sell her stuff from home.
Cecilia is requesting a loan of GHS 1,500 to purchase wax-prints, towels. bed sheets, and kids wear to sell.
The borrower standing far right is Cecilia.
The group members are grateful to those who will be part of their dream through this platform, and they promise to make their repayments on time.
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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