Opelia is the featured member of the group. She is a 29-year-old married mother of one child, standing in the center of the photograph. She sells vegetables, maize, and rice. Her husband also owns his own business. However, their combined revenue is not sufficient to provide enough to sustain the family. Furthermore, Ophelia's child is enrolled in a private school, which adds tuition fees on top of the family expenses. She will use her share of the loan to purchase two bags of maize and supplies for her customers, hence expanding her business.
As for the other group members, Aishatu is standing to the left, and Evelyn is standing to the right in the photograph. Together they need a total amount of GHS 3,500 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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