These members are part of the group called Aseda and made up of two people who both live in the same area. The representative of the group, Margaret (who's standing on the right in the photo), is 41 years old and attended school until the secondary level. She has two children for whom she is still responsible.
Margaret has been selling tiles for six years in a shop at her residence in Dansoman. She procures her goods in a market in Ghana. She will need this loan to buy more tiles to sell to customers.
In order to strengthen her business, Margaret, together with the other group member, is seeking her second loan from ID-Ghana. Their previous loan has been repaid correctly.
About ID Ghana
ID 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.