Sabath Solidarity Group
Currently, Nicholas is the leader of the group named 'Sabbath Solidarity Group'. Nicholas believes he was elected group leader because he is a good coordinator. There are 6 members in this group. The other group members are traders and food processors. They anticipate receiving the loan to enable them to buy various kinds of stock to grow their business and provide adequate support to their families.
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