Famous Trust Bank Group
Kente cloth is a famous richly woven traditional fabric of single or multiple colors, usually worn during special occasions like festivals, parties, out-door events and other social gatherings This has created a market for women like Yaa.
Yaa has divorced and she is the mother of five children from age 5-22. She lives with her children in a family house. She says that she dreams of being able to grow her business to support her children through university education.
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