Christine is a widow and responsible for caring for five children, ages 10-20. All are in school. She also helps to care for one child who is in primary school.
Christine has been successful in her business because of her experience, cleanliness, good pricing plus good customer care. Before her fish selling business started, Christine was a farmer who sold bananas. She dreams to expand her business and build a house that can accommodate her family. Christine needs a loan to buy more Mukene for sale.
This is a Group Loan
In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.
Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.
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Success!! The loan was 100% repaid