Siama Mma Trust Group
Yaa is married to a farmer and together they have seven children. She hopes to sell enough fish to be able to provide good education for all of her children, hopefully through university level.
As the leader of the "Siama Mma" borrower group, Yaa ensures that all members attend meetings and submit their repayments. The other women in Yaa’s group operate businesses selling various foodstuffs, groceries, pastries etc. They are requesting the loan to support 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