This group is made up of three members of micro businesses. One of whom is Janet, a 44-year-old woman with a husband and two children of 14 and 10 years of age. She has been selling Jewelries and slipper in her community for thirteen years, and has been a client of this institution for three.
She needs this loan amount of GHS 1,000 to buy jewelries to sell, since Christmas festivities are approaching. Her customers want to buy ornaments for the celebration. Janet is standing in the middle of the photograph.
Ruth and Christiana are the other members, and both are 50-year-old women who runs pastries, and sanitary and dippers business respectively.
They would need GHS 2,850 to serve customers better.
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.