One of the members of this group is Samuel, who is 30 years old, separated, and from this relationship has one child who is 12 years old and in school.
Samuel is a man who likes to get ahead on the basis of his efforts. He sells eggs and shoes from door-to-door every day. He has several customers who come to his house to buy his products. He has been selling these products for the past two years, and it is going very well.
His loan amount of 2,000 GHS will be used in the purchase of more crates of eggs and shoes. He has been with this microfinance from the beginning of 2011 and this is his 5th loan cycle. He likes it because of the help that the loans have given to him. He is standing on the far right with a crate of eggs in his hand in the photograph. His dream is to get ahead.
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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