Angela is the featured borrower of this group; she is a 41-year-old married mother of two children. She has been working as a 'banku' (cooked corn paste) and fish-seller for five years. This is a local delicacy that is enjoyed by all Ghanians; therefore, it fetches her a good profit. Her business is based on the pavement at the road side.
She is standing on the right-hand side in the picture. Her loan amount of GHS 2,000 will be invested into buying four bags of maize so that she can satisfy her customers very well with her food production business. She sells all day and there is no time limit.
As for the other group member, Vida sells utensils.
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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