They know one another through neighbors, friendship, and business. In order to reinforce their financial capacity and better run their business, they joined the microfinance institution ID-Ghana. They are now on their ninth loan cycle, and have properly repaid their eight previous loans. This group sells groceries, hair products and jewelry.
Georgina is the woman standing on the right in the photo. With her loan, she plans on buying more jewelry at the cost of GHS 3,800 and supplying it to customers. She operates this business from the house, which is increasing her customers’ confidence because she can be easily located.
They need a total amount of GHS 6,200.
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
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