Mckeown Trust Bank Group
Akosua is currently the leader of the trust bank group called 'McKeown'. Akosua believes that she was elected group leader because she is educated, humble and hard-working. There are 9 members in the group. The other members of the group are involved in trade businesses such as chop bar (food stall) operator, yam selling, and clothes selling. They plan to use the loan to purchase various items to grow their business to support their family.
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