Alive is a group of two people who live in the same district. The group's representative, Kwabena (the one with camera in the picture), is 44 years old. Kwabena is married to Joyce. The couple have three dependent children. Kwabena has been a photographer for 25 years. This is the fifth time that Kwabena will benefit from a loan from ID-Ghana. Kwabena aims to increase his working service and his level of business so that he can better respond to his customers' needs. This is why Kwabena is requesting a loan from ID-Ghana, together with another member. He will use this loan to purchase a digital video camera to serve customers better.
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.