The group's representative is named Joy. She is a married woman who has been selling charcoal and flowers for seven years. Joy works from as early as 6 AM until 6 PM every day. With the profits that she makes from her business, she is able to contribute to the daily expenses of the family and save part. Joy is a member of one of the local branches of ID-Ghana and she is requesting a loan to buy two bags of charcoal and flowers to resell to customers. Through this loan, she is hoping to see an increase in her profits. She would also like to contribute to the improvement of her family's food conditions. Her goal is to save some money and, in the future, to buy a car for a taxi business too.
They need a total amount of GHS 8,600 to be able to support their businesses.
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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