King Solomon Group

Kate is forty years old. She is married and has given birth to five children. She is a baker. Kate bakes bread and supplies it to retailers and beverage sellers. She also engage "hawk" selling in her community in the mornings.

Kate is the leader of a trust bank group called ‘King Solomon’. She is first from left in the group photograph. Most of the members of this group are petty traders, food vendors and/or farmers. They work to help their spouses to provide for their families.

They buy their raw materials or goods from other towns and sometimes from nearby communities and sell them at the local market square. Some of them trek to other towns to sell their goods on their market days as well. The members have been in business for some time and have amassed a great deal of experience in their businesses. They are therefore asking for the loan to help them procure more goods to be able to expand their businesses.







About Group Loans
In a group loan, each member of the group receives an individual loan but is part of a group of individuals bound by a group guarantee. Under this arrangement, each member of the group supports one another and is responsible for paying back the loans of their fellow group members if someone is delinquent or defaults. Learn more

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