Kyaitamba Tweyambe Group
Annet is a member of the group called "Kyaitamba Tweyambe". There are 10 members with two women and eight men. This is a solidarity kind of borrowing where each of the members is a guarantor to the others to ensure that they all meet their obligations on time and in equal amounts. This is the group’s first loan cycle, and Annet intends to use the loan funds to purchase wheat flour to make mandazi (a donut-like pastry) for her restaurant business. In the picture, Annet is raising her arm.
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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