Jah Bless Group
K. is a hard-working man. He is a trader. He sells plantains and bags of maize. He supplies to food vendors and retailers in his community and nearby communities. He has been in business for ten years and has amassed great experience. K. buys his goods from nearby farming communities. He hopes to put up his own building to house his family.
K. is currently the leader of a trust bank group called ‘Jah Bless’. The group is made up of six members. Some are traders and others are in food production/sales. The group requests the loan to procure goods and raw materials in bulk 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