The representative for this group, named Lovelace, sells foodstuff. Lovelace is 47 years old and she is married to a security guard named Charles. The couple has three children, all in school and who are their dependents. Lovelace lives with her husband and children, and handles together with her husband the various family expenditures.
For the past twenty-nine years Lovelace has been running a business selling yam, plantain and cassava at the market. She travels to the farmers to buy yam, plantain and cassava, and sell to customers.
Seeking for customer satisfaction and wanting to increase her turnover, Lovelace is requesting for the second time a loan from ID-Ghana. The previously granted loan was duly repaid.
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