Kroye Ne Odo Group
Most of the members of this group are traders, food vendors, or farmers. They work to support their spouses and to provide for their families. They buy their raw materials, wares, or goods from other towns and nearby communities and sell at the local market square. Some of them also go to other towns to sell on their market days as well. The members have been in business for some time and have amassed a great deal of experience. They are therefore asking for a loan to help them procure more goods to expand their businesses. It is the heartfelt desire of the group members to give their children the best education they can afford.
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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