The borrowers must form five-member groups that, along with the bank's field workers, closely supervise the loans. Peer pressure substitutes for collateral because the group's first two borrowers have to start repaying the principal plus interest over a six-week period before the other members can take out loans. The interest rate is fixed at 16 percent.
Borrowers form five-member groups to take out loans because they require money.
The sole reason to take out a loan is to get money. One would not do so if they did not need money.
( z1 form :ARG0 ( z2 person :ARG0-of ( z3 borrow ) ) :ARG1 ( z4 group :cxnsistof ( z5 member :quant 5 ) ) :purpose ( z6 take-out :ARG0 z2 :ARG1 ( z7 loan ) ) :ARG1-of ( z8 cause :ARG0 ( z9 require :ARG0 z2 :ARG1 ( z10 money ) ) ) )