The main distinction of this product is that a group guarantee replaces collateral. The product is designed for those customers who can not provide collateral.
The group may consist from 3 to 10 persons; they may be entrepreneurs, employees and farmers. Shared responsibility serves as collateral. That is, group members act as guarantors and bear joint and several responsibilities. And this assumes critical importance of relationship between members of the Group. These people should know and trust each other.
Family members or close relatives may join in a Group provided they live apart and each having a separate business or income.
Members of one Group may be engaged in different types of activities, not prohibited by legislation.
For borrowers with positive credit history and reputation in KMF get access to “AUTOMATIC», “SEASON” and "CREDIT LINE" loan products.
