Their long-time involvement in this group has allowed them to develop a spirit of oneness which has enabled them to face many situations. The group members work for the most part in small-scale commerce.
George is the featured borrower of the group. He is 36 years old, married, and a father of three children.
George is very involved in the sale of fishing nets and fishing ropes. He buys from the market and sells them to the fishermen, he is fisherman himself.
With this loan, he is going to buy more fishing nets and ropes to sell to his colleague fishermen.
Earnings from this business will allow him to save and to actively take care of her family's expenses related to health, food, and his children.
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