For years she has been getting loans; this is her 16th loan. She has been able to attract many customers because she treats them well and has enough stock that is in demand. She has a goal of expanding her shop further so that she can increase her profit which is at 260,000 shillings per month now. Jesca needs this loan to be able buy more sugar, soap, salt and cooking oil for her shop.
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