```json
{
    "no": ["no"],
    "yes": ["yes"]
}
```

Based on the given feature 'has personal loan' and the task of determining whether the client subscribes to a term deposit or not, the analysis shows that there is a clear relationship between the feature and target. 

In the case of clients who do not have a personal loan ('no'), the loan value is consistently 'no'. Similarly, for clients who have a personal loan ('yes'), the loan value is consistently 'yes'. 

Therefore, the feature 'loan' is an important and reliable indicator for predicting the target variable.