These clients are known for selling foodstuffs and groceries. They are known for being hard-working and responsible, with a desire for self-improvement. Every day, they strive to provide their children with a better future.
The group representative, Florence, has been selling cassava, maize, gari (cassava flour), tinned tomatoes and plantains. She works about twelve hours every day selling her products, as she has a desire to get ahead.
The goal of this loan is to invest in working capital and stock Florence's business so that in the near future, she can improve her earnings. The "Blessing" group is thankful for the help that Kiva lenders have given people of little means, so that they may have a dignified source of income.
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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