James, who is the leader of this group, is the one standing at the far right in the photo. James is 56 years old and is married to a woman named Regina. The couple has grown-up children who are on their own. James lives with his wife and his grandchildren. He is responsible for the household expenses. James attended school to the secondary level. For twelve years he has been a goldsmith who molds and sells jewelry in his region. James buys the gold from the mining town in Ghana. Hoping to build up his business and better answer the demands of his customers, James requests a loan from ID-Ghana with the other members of Negbe group.
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