Bleama Tesaa Group
Sixty-year-old Deborah did not attend school. She is single with one dependent child who is receiving an education and who lives under his mother's care. Deborah is responsible for the various expenses of her household. In order to provide for her family, Deborah has been selling firewood for the past 12 years. This business generates revenue that helps her to meet her various needs as well as those of her child. Deborah buys her supplies from the villages.
This will be the third time she has sought a loan from ID-Ghana, along with the other members of the Blema Tesaa Group. This loan will help her grow her business and increase her revenue. The first two loans have been paid back in full.
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