Group Guarantee File
This file lists members of a group in a group-lending methodology. All members of a group are unified by the Group ID. A member of the group who obtains a facility under the group-lending methodology will have a record in the Individual File with Field 4.2.60 filled in with the Group ID of the group he/she belongs to. The borrower should also have an entry in the Group Guarantee File.
Some group methodologies have sub-groups, where members of a sub-group directly guarantee a loan of any of the members in that sub-group. In this case, the lender must assign a sub-group ID to each sub-group within a group.
If a sub-group exists within a group (thus a Sub-Group ID has been filled), only members listed with the same sub-group will be considered as guarantors of the loan. If no sub-group exists, all members of the group are considered as direct guarantors of the loan.
This file should be filled in by lenders carrying out group lending facilities.
File Name: Group Guarantor
File Code: GG
No of columns: 22
Update frequency: Monthly
DSTv 4.1 Pages 66-68