Daakyi Nti Group
The members of the group are engaged in commercial activities such as food vending, clothes selling, etc. Some of them hawk (go door-to-door) to sell their products while others trek to nearby communities to sell on their market days. They buy the goods in Kumasi and nearby towns. The experience that some of these traders have amassed over the years has given them the urge to expand their businesses. Thus, they need a loan to buy goods in bulk to realize this dream.
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