Village banking is based on the principle of group or communal solidarity. If one member of the group fails to repay her loan other group members divide the debt amongst themselves to ensure repayment.
Group loan features
Loans of 4,000 HTG to 40,000 HTG are available
Reimbursements can be made between four (4) to eight (8) months
Loans are provided rapidly with no need for a guarantor
Group members receive support, financial and business advice during the loan
The best rate possible is provided
Group loan requirements
Each group shall have between 9 and 25 members
Each group shall select its own members
Each group must elect a leader
Each group member must have his or her own business and household
