Nkwa Na Ehia Group
Joseph is the leader of a village trust bank group called “Nkwa na Ehia” (Pray for Life). The members are all traders and food vendors who support their families through these 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 help them support their families and pay their children's school fees. Your support through this loan would help to enable them to grow their businesses.
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