Independece Group Ii
Maame prepares and sells kenkey (corn dumplings steamed in banana leaves) with fried fish. She is the leader the Independence II trust bank. The members of the group are mainly traders. They are hard-working, trust themselves, and want the loans to invest in their businesses.
Maame, the group leader, is seated in the photograph.
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.
6View loans »