Florence is 47 years old and a single mother of three children. She divides her day between business and family. For the past four years, she has been selling dippers, underwear, and powder.
Florence is a very responsible and hardworking person. She hopes to continue to combine work and family. She is applying for a loan of GHS 700 to purchase dippers, underwear, and powder to sell to customers. She is grateful to receive a loan and determined to meet her repayment schedule. She has successfully repaid her two previous loans.
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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