James (standing second from left) is the featured borrower of this group. He is a physically challenged goldsmith who manufactures gold enamel (necklace, wrist band, earrings, trophy, etc.). He is married and a father of four children, one boy and three girls. James and his group are requesting the second loan from Kiva and fourth loan cycle from ID-Ghana. His business is well-known in the area. He make these gold enamels and supplies to customers from the capital city of Ghana. He needs GHS 600 to procure raw gold from Obuasi so that he can use it for creating different designs of necklaces, wrist bands, earrings, etc. to supply to customers. In addition to increasing his savings in order to qualify for a larger loan, he also hopes to support his children in their schooling and expansion of work.
The group needs a total amount of GHS 9150 to be able to buy more eggs, provisions, second hand clothing, bags, vegetables, cooking oil etc.
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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