One of the members is Samuel, who is standing on the far right in the photograph and is a tailor. Through ID-Ghana's help and his own hard work his situation is improving, but he is also aware that the work and effort he is putting in must be continuous and permanent if he is to achieve total success and be able to give his family better well-being. As a tailor and selling material, his business shop is located in a very advantageous point where business is very good for him.
Samuel is requesting this loan so he can purchase more materials to sell to customers and as well to sew and sell, which will help him to settle his business plans and improve his income.
They need a total amount of GHS 4650 to be able to expand their respective 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