Yehowa Akwe Group
Gifty is 35 years old and married, and has three children. For the past fifteen years she has been selling used plastic products, plates, cups and cooking utensils, walking door-to-door to customers with the goal of getting ahead. Gifty reports that with a great deal of effort and hard work she has generated profits in order to cover her household expenses. In the future she'd like to own a small store of her own where she can sell her plastic products, plates, cups, and cooking utensils and thus increase her profits. With the loan of GHS 1500 she'll purchase more plastic products, plates, cups, and cooking utensils and therefore she'll be able to improve her earnings.
The group is grateful to Kiva for the extension of help to 'Yehowa Akwe'.
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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