Nyame Akwan Group
He is the leader of a village trust bank group called “Nyame Akwan” (God’s Way). The group's members are all traders and food vendors who support their families through their businesses. They want to use the loan to purchase stock in bulk to avoid costly price hikes and also to cut down on frequent travels. They are expecting to make higher profits this season, which will allow them to support their families and pay their kids' school fees. Your support through this loan would enable them to grow their businesses.
Stephen is 45 years old. He is married and the father of four children who are currently pursuing education in senior, junior, and primary schools. He lives with his family in their own house in a farming community.
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