Happy And Unity Trust Bank Group
Kwasi has been a “kente” seller for the past 22 years. “Kente” is one of the traditional cloths that depict the rich culture of the Asante people in particular and Ghana as a whole. Kwasi will use the loan to buy more “kente.” He hopes to one day expand his “kente” business and supply more customers. Kwasi would also like to help his children further their education.
Kwasi is currently the leader of the trust bank group called 'Happy and Unity'. There are 10 members in this group. All group members intend to use the loan to purchase more “kente” cloth to expand 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