One of the members of this group is Mary. She has belonged to this group for three years, and she is on her fifth loan cycle with ID-Ghana. She loves to be a member of this group because of the team spirit that exists among all of the members, which makes the group very solid.
Mary is 41 years old, married, and has two children from her marriage. Her children are sixteen and fourteen years old, and are school-going children. She needs to make a lot of money to care for the family. Her husband works in construction and they own the small house where they live.
Mary spends most of her time taking care of her family, but she is always looking for ways to improve her household's financial stability, which is why she works by selling ice-chests, plates and other plastic products. Her goal is to own a shop so that she can make enough money for her family.
Her group members are into coco-yam, eggs, fish, cosmetics and gari (fried cassava paste), and they need a total amount of GHS 6,100 to improve upon 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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