She is a baker. Joyce is the leader of a trust bank group called ‘Nkosuo,' meaning progress. The members of the group are mainly into fishing and other commercial activities and they request a loan to procure goods in bulk to expand their businesses. Joyce, the group leader, is in the middle of the photograph. It is their desire to give their children the best of 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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