Rita is 31 years old and the group representative. She is married and has three dependable children. Like the other members of this group, Rita is a successful seller of cassava, plantain and gari. She has had three successful loan cycles with ID-Ghana, and she has been able to help her family.
The loan she is requesting will be invested in cassava, plantain and gari so that she can serve her customers better. In the future, she would like to buy a house where she can live peacefully with her family.
Rita would like to thank the Kiva lenders for accepting to help her group since it is an opportunity for them to improve their incomes.They need a total amount of 6,550 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