One of the members of this group is Faustina. She is 56 years old, single, and has three children. Two of her children are independent and the youngest is 10 years old and attends school.
Faustina has sold clothing and underwear for six years now. She sells by going door to door, but she also has a small shop in her house where she sells her products. However, most of her sales are conducted by going door to door. Faustina works every day and she practices cash and carry. Thanks to her business, she is able to put food on the table. She is standing second from the left in the photograph.
Faustina's loan of 900 GHS will be used to buy clothing and underwear to resell to customers. This is her fourth loan cycle with ID-Ghana and she likes the fact that the loans are issued quickly. Her dream is to move forward with ID-Ghana and in her family life.
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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