Faridah N. is 49 years old. She is the leader of Kisimba group in Lugazi. She is a devoted and hard-working lady. She has had a clothing store for 20 years in the Najja trading centre.
She is married with seven children. Two of her children are graduates while five are still in school. She cares for twelve dependents, though she does not stay with all of them.
Faridah has been successful in business because of her networking tricks and good customer care. She makes sure that she knows what is available at the market and ensures that her customers get the best outfits. She needs a loan to help restock her shop with more clothes.
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