Great God Of Wonders Group
She wants to use the loan to buy increased supplies of sewing material like linen, thread, and thimbles. She hopes to increase her output and efficiency. Her goal is to increase her savings in order to provide her children with a quality education. She is married and a mother of four children. All her children are in school. She is happy to report that her family is doing very well.
She is the leader of a trust bank group called ‘Great God of Wonders’. Most of the members of this group are petty traders and food vendors. In this group, members guarantee for one another as social collateral to access the loan and support each other in repaying the loan. They would all be grateful for your assistance and support.
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