Bohye Pa Trust Bank Group
Kate is married to an auto mechanic and she is the mother of eight children aged 10-30. She describes herself as very confident. She hopes to purchase bags of charcoal in bulk to supply to restaurant operators. Kate believes in education and hopes to support her children to attain better education to be independent.
Kate is also the group leader of “Bohye Pa” Trust Bank Group made up of seven members. The other members of her group trade in rice, maize, materials etc.
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