WHAT HAPPENS IF SOMEONE DOESN’T REPAY?
If a member falls behind on their payments, the group will talk with the individual to find out exactly why the loan is past due and to determine what kind of extra support may be needed. Difficulties can often be worked out with some creative problem solving within the group. If necessary, groups can also access their Group Fund, which is money that group members put aside in case a member falls behind on payments. If problems persist, the group can remove an unreliable member if they so choose, but the outstanding loan must still be repaid before the group is eligible for more credit.
