Felicity Trust Bank Group
Selling for the past 15 years, Felicity has made quite a number of faithful customers through good customer relations. She plans to invest the loan to purchase maize, meat, groundnuts and other food ingredients to improve her food quality.
Felicity is currently the leader of a trust bank group called 'Felicity', named after the leader and made up of nine members. The other members are also engaged in petty trading and food processing 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