Apart from being a vibrant businesswoman, Salina is also married to a commercial driver and she is the mother of three children. She hopes for a bright future for her kids through quality education. Salina is currently the group leader of Lordina Trust Bank Group, which is made up of six members. As the leader of the group, she ensures 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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Success!! The loan was 100% repaid