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The partners are completing an office complex on one parcel but defaulted on a 56-acre portion of the property.
Now, each household pays around 80 taka ($1) per month, and no one has yet defaulted on a payment.
Kirui says that so far no one in the group has defaulted on a loan.
He also defaulted on a student loan and declared bankruptcy at one point.
I defaulted on a traditional career path.
She defaulted on a mortgage this year.
But right before Christmas 2011, ASI defaulted on a bank loan and shut its doors.
Last month, another Chinese solar panel maker, LDK, defaulted on a loan payment, citing cash problems.
"Iceland has never defaulted on a loan and will never default," he said.
Its Chapter 11 filing was caused by a cash squeeze after it defaulted on a loan.
In May, the island's government defaulted on a $422m loan repayment.
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