Yesu Nhyira Trust Bank Group
Margaret lives together with her family at Berekum, where she also has her business. She is able to provide support for her family’s financial needs through the sale of 'kenkey'. 'Kenkey' is a Ghanaian favorite dish that is rich in carbohydrate. It is prepared with corn dough made into balls, cooked between 1-2 hours and eaten with hot pepper and fried fish. It could also be enjoyed with other sauces. 'Kenkey' is known throughout all the tribes in Ghana and commonly sold on most streets. Margaret has sold 'kenkey' for 10 years.
Margaret is currently the leader of a trust bank group called “Yesu Nhyira”, (which means "Jesus’ Blessings"), made up of five members. Her dreams include expanding her business and ensuring that her children become hard-working individuals to help society.
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