In her canteen, Beatrice sells a variety of products because this attracts more customers, and uses a portion of her income to pay school fees for her children and to maintain their standard of living. She has applied for this loan to complete work on the building where she teaches sewing, and to buy more products for her canteen, particularly sugar, bread and cakes. She leads the Tulwanirewamu loan group pictured here.
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