Okeyeso Nyame Group
Gloria, the one standing on the far right in the photo, is 39 years old. She is married and has two children.
She works by operating a cold store. She buys fish, meats and chicken to resell in her neighborhood. She has been in this business for some time and is very experienced. With her loan, she will buy more fish, meat and chicken to sell to her customers.
Thanks to her revenues, she helps ensure her family’s well-being by helping her husband with everyday expenses as well as their children’s school fees and healthcare expenses. She is also growing her savings with ID-Ghana.
The group members will hold each other accountable for the repayment of the loan.
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