By Drew Loizeaux, KF11, Uganda
As many of you know group loans are widely used throughout the microfinance industry. Most of you also know that the idea behind group loans is to provide a way to secure loans without having to rely on collateral like banks do. But do you know about the different type of group loans? Do you know where and why they are used? If not, up your microfinance IQ and read on.
****NOTE: At each microfinance institution (MFI) there will be differences in names and details of loans, so as I describe...Continue Reading >>