Just like any other business, Aisha’s business is faced with seasonal changes, price fluctuations and the high transportation costs that affect her business but all in all she manages to succeed. This is Aisha’s ninth loan and the previous ones have always helped her in buying more produce for sale, as well as paying school fees. She is able to generate weekly profits of 50,000 shillings and she has a dream of educating all her children until she can spend the last penny since her future depends on them. This loan is so timely as the school term is soon beginning and she has a strong belief that it will be of great help. Aisha is the leader of Kibalinga Kyosimba Onanya group in Mubende.
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