Asomdwei Wura Trust Bank Group
Olivia is the leader of 'Asomdwei Wura' group which literally means " a peaceful person" in Twi, a widely spoken language in Ghana. The group is comprised of 11 members mostly in the trade of Kente cloth, smoked fish, or working as food vendors. They hope to use this loan 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