Blema Tesaa 2 Group
They are into the sales of scarves, sandals, provisions, sugar cane, traditional clothing (kente) and underwear. This is their first loan with Kiva and their third loan cycle with ID-Ghana.
One of the members, Regina, has been in the group for the past three years. She has established a good friendship with all of her neighbors and friends. She likes the fact that all the members of the group are united and much like a family.
Josephine is 56 years old and single living with her twenty-two year old daughter. She stays in the family house she lives in, and her child is school-going.
For 20 years, Regina, who is second from the left in the photo, has been selling 'Kente' clothing (traditional clothing) throughout the week at her shop.
She plans to use the new loan to buy more clothing so that she can sell enough to take care of her child. Her goal is to stay healthy so she can keep working to take care of her child.
The total loan amount of 7,200 Ghana cedi (GHS) is to improve 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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