Women Of Gold Group
She is a businesswoman selling rice, gari (cassava flour) and second hand clothing from door to door. She has been in this business for 5 years and it has been the main source of income for the family. She has one child to take care of.
It is not easy to take responsibilities for herself and child. Gloria's business brings good income and that is why she is requesting for this loan to stay in this business and make more money. She is in urgent need of money to buy stock of her rice, gari (cassava flour) and second hand clothing so that she can save money for herself and child.
The group, Women of Gold, was formed by women of common interest sharing similar economic background to get a loan. The loan will help them to buy inventory for their variety shops, which are the main source of income for their families.
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