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Peer
groups are groups that are formulated by loan applicants. A group
can have 3-7 members.
- Prospective
groups receive training and the opportunity to develop group solidarity
- They
will establish independent businesses
- Members
cannot be related by marriage or blood.
- Groups
must certify with an oral exam whether they are ready for a loan
after training
- Group
Chair will serve as the leader and contact person with CHOMI
- Group
secretary keeps minutes of meetings
- Groups
must agree to support each other's businesses and share responsibility
for each other's loans
- Group
decides who gets the first loan and subsequent ones
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The
spirit of being Human
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