Yesu Ne Hene Trust Bank Group
For the past 5 years, Victoria has operated a soap manufacturing business. She will use the loan to buy caustic soda, vegetable oil and perfume for soap making. Victoria hopes to eventually expand her operations so that she can reach more customers. In addition to her soap manufacturing business, Victoria helps her husband with farming as well.
Victoria is the leader of the trust bank group named “Yesu Ne Hene”, which means 'Christ is Lord' in Twi, the language most commonly spoken in Ghana. There are 17 members in this group. The group is all women except for one man. The other members in this group operate retail businesses selling items such as plantains, cooked rice, onions, maize, beans and clothing. They plan to use the loan to buy assorted inventory to grow their businesses and enrich their familes' living conditions.
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