Georgina has been selling toothbrushes and toothpaste for six years. She does this work eight hours daily on foot. The objective of the loan is to purchase and sell toothbrushes and toothpaste so that in the not too distant future, she can obtain a better income. ID-Ghana is appreciated for the support of the Kiva investors that provide to these people. They will need a total loan of GHS 4,200 to buy and sell enough to mobilize profit.
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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