Comfort is 50 years old. She is a married mother of one boy. She sells fresh fish and capitalizes on her extensive experience, having done this for more than six years. She is standing on the right holding sample of fresh fish in the pan.
She plans to use her loan amount of 1,500 GHS to buy fresh fish to sell to customers so that she can increase her earnings. She has competitors but has a good customer care strategy which makes her rise above all.
The earnings from her business allow Comfort to support her small family and to save with ID Ghana. Together with Regina, they will need a total amount of 2,100 GHS to improve 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