The women know each other through family ties and make a living from the sale of porridge, slippers, ready-made dresses and groceries. After having successfully repaid their previous loans, the women in the Dromo Group are on their 4th loan cycle.
Matilda is the woman in the middle of the photo. She plans to use her loan to buy Milo, milk, eggs, cooking and ready-made oats to sell to customers. She buys her products locally from wholesalers. She sells her groceries to clients consisting of both men and women for cash. She plans to make a good average monthly profit that she will use to cover healthcare, food and clothing expenses. She will reinvest the remaining amount into her business.
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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