Be Glad Trust Bank Group
Rita is married to a commercial driver and together they have one child who is 3 years old. She lives with her family in Takoradi, a coastal business hub of Ghana. Above all, she hopes to be financially able to support a building project to accommodate her family. As the leader of the group, Rita will ensure that all members attend meetings and submit their repayments.
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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