Challote is the featured borrower of this group. She came together with her group members to acquire a total loan amount of GHS 3200 from Kiva's partner, ID-Ghana, because they have always been neighbors and friends. Challote is a 34-year-old married mother of two children. She has been selling fish and onions at her residence for five years. Her children are school-going ages. That's why she is acquiring a loan amount of GHS 1800 from Kiva's partner, ID-Ghana, to buy two cartons of fish and also onions from the harbor and market respectively, smoke the fish and sell it to customers.
Challote is on the left in the picture. As for Susuana and Diana, they sell cutlery sets and mineral (soft) drinks respectively. They are showcasing samples of what they sell in the photograph.
About ID Ghana
ID 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.