Wilson’s Group is made up of four women who live in the same neighborhood, where the city architecture is a mix of old and new. The women do various trading activities to provide for their families, and they still keep the flames of their culture and traditions alive. The group engages in the sale of scarves, second hand clothing, groceries (spices, noodles, tin tomatoes, etc.), slippers and detergents. This group is a sub-group of 'Akotobu' and standing from the far right is the group leader, who leads the members in group transactions.
One of the group members is Wilson. She is taking her first loan with her friends and fellow members of the group. She is 28, single, and has one child. They live in an apartment.
Wilson has been selling scarves for four years, and it is her main source of income. She works Monday to Friday without a fixed schedule. She is standing second from left in the photograph.
The money from this loan will be invested in the purchase of scarves for sale to customers.
Wilson's goal is to expand her small scale business into giant one.
They need a loan in the total amount of GHS 2,750 .
About ID Ghana
ID 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.