Doris (standing right in the photograph) is the group's representative. She is 30 years old, married, and the mother of three children. She is active in selling underwear that she purchases at the communal market to sell to her customers.
With this new loan, she intends to purchase more underwear to sell to customers.
The profits from her work will enable her to increase her savings and to help her husband meet the needs of the family. They need a total amount of GHS 1500 to be able to satisfy their customers.
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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