Bisa Nyame Group
Agatha is a hard-working woman who uses her business proceeds to help her husband financially to cater for the family. She trades in a food item – meat. She supplies meat to food vendors in her community. Agatha has been in business for three years and wants a loan to procure her inventory in bulk. She desires to own a house to accommodate the family.
Agatha is the leader of a trust bank group called ‘Bisa Nyame’, meaning, 'ask God'. It is a four-member group and it is made up of petty traders and palm oil producers. The group leader says the members are all truthful.
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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