Aunty Mercy Group
Mercy is a 63 years old provision seller (Milk, Milo, sugar, rice, biscuits, canned tomatoes and other canned products). She is married to Emmanuel who is 66 years old. She has been doing this business for 6 years now. She buys from a market in the capital and sells in the Dansoman community.
This is her 3rd loan with ID Ghana and she needs a loan of GHS 700 to buy more goods to sell to her customers.
The entire group needs an amount of GHS 2,550 to buy more goods to sell to their respective customers.
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