Good News Group

Elizabeth is 54 years old. She is married and has given birth to two children. Both children are attending elementary school in the community where they live. Elizabeth sells food cereals such beans, maize and groundnut. She has been in this business for more than 10 years now. She buys her goods from the wholesalers in her community and sells to food vendors. She says she sells at the market square. She wants a loan to increase her working capital so that her dream of buying goods in bulk can be achieved. In this way, she can supply to a large number of customers to increase her market size, and hence, her profit margin.

She is the leader of a trust bank group called "Good News." She is the one sitting in the middle in the group photograph. Most of the members of this group are petty traders, food vendors and farmers. In this group, members guarantee for one another as social collateral to access the loan and peer pressure to repay the loan.




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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