Aba Pa Trust Bank Group
Agartha hopes to own her own store in Sunyani township where she will sell a variety of food items and has been working towards this goal over the years. She also has the dream of supporting her children's education to a level where they will be gainfully employed.
Aba Pa in our local language means a "good seed" and for Agartha and colleagues, whatever loan they receive from lenders is a good seed sown in their business. They hope that this good seed will enable them to attain the dream of expanding their business to the desired level. This group of 10 has been together for a year and hope to maintain forever the unity cord that brought them together.
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