Thy Will Group
The group sells soft drinks, cooking oil, sachets of milk powder, phone call credits, plantain chips, vegetables, fish, meat, kenkey (a specialty made of fermented cooked maize) and cloth.
Maaba is excited to be taking her first loan from ID-Ghana and hopes they will do business with ID-Ghana for very long time. She has had her business for three years, starting with a little money her husband gave her which she used to buy two crates of soft drinks to sell to customers. She plans to use this loan to invest in her business to increase her inventory by purchasing different soft drinks to sell to customers in front of her house. She will use the profits to reinvest in her business and to provide for her family, thus helping her husband. She wants to own a big drink spot and have all her family together in better conditions.
The group members will need a total amount of GHS 2300 to buy enough supplies and serve customers better.
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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Success!! The loan was 100% repaid