Comfort is the leader of this group. Although she grew up in difficult circumstances, Comfort is an entrepreneur. She specializes in selling maize in Dansoman (in Accra). She has been involved in this enterprise for six years. Comfort is 39 years old and married with three children. The proceeds from her business normally go towards supporting herself and her family. Comfort wants to use her loan to increase her current inventory levels, thus allowing her to sell greater quantities of maize. In the long term, Comfort plans to reinvest future profits into her business to help her expand and meet the needs of rising customer demands.
This group need a total amount of GHS 4,800 to be able to expand their businesses.
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