Naomi is a 42-year-old provisions and liquid soap seller who is married to Geofrey, a 42-year-old civil servant. They have two children. She has been selling provisions and liquid soap for the past 13 years. She hawks from Monday to Sunday from her home to her customers. This is her fourth loan and she needs 1,300 GHS [Ghana cedis] to buy more provisions and liquid soap to sell to her customers.
The group needs a total amount of 5,200 GHS to buy more goods to sell to their customers in the community.
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.
Loan tags help lenders find loans that match certain areas of interest. You can add up to 5 tags for this loan.
26View loans »
Success!! The loan was 100% repaid