Bengadee Group is a group of two borrowers led by Fatu Kamara.
Fatu is 42 years old and is married with two children aged 15 and 23 years old, with educational levels of 5th grade and 12th grade. She also cares for four orphans. Fatu is illiterate due to poverty. She and her family live in the Sheriff Quarter, a large Muslim community in Voinjama, the capital of Lofa County, northern Liberia.
Fatu’s business is selling clothing. She buys clothes wholesale and sells retail in the Voinjama main market. She has been running this business for five years and hopes to expand to a bigger shop. She talks to her customers with a good manner in order encourage them to continue buying from her.
Fatu and her family depend on her business for their daily needs. Therefore, she needs this loan in order to purchase more clothing wholesale to improve her business. She dreams of giving her children a better education and building a house of their own.
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.
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