Felicia is a married mother and she works very hard to support her household. She has two young children. This hardworking woman is a traveling merchant who sells wigs, perfumes, creams and shampoo. The income she generates from this business enables her to cover all of her family expenses, reinvest, and repay her loan. She has received two previous loans, which were a great help to her and her children.
This new investment will be used to buy merchandise such as wigs, perfumes, creams and shampoo and resell to customers.
Her most important goal is to provide a better quality of life for her little ones, but she also wants to increase her sales by expanding into other communities nearby.
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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Success!! The loan was 100% repaid