They sell bags, plantain, charcoal, jeans, underwear and jewelry.
This is their first loan with Kiva and the fourth loan cycle with ID-Ghana.
One of the members, Edith, has been in the group for the past three years and has established a good friendship with all her neighbors and friends. She likes the fact that all the members of the group are united and much like a family.
Edith, 51, is married and has three dependent children who are staying with them. She rents the house she lives in and her husband is a businessman who works so hard to support her.
For five years, Edith has been selling bags. She sells throughout the week by walking to her customers.
She plans to use the new loan amount of GHS 1,400 to buy bags so that she can sell enough to take care of her children. Her goal is to stay healthy so she can keep working to take care of her children.
They need a total loan amount of GHS 3,250 to buy more stock for sale.
They are demonstrating samples of their products in the photograph.
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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