Prossy N. is the leader of the Gift group in Nazigo. She is 45 years old and a business woman who has dealt in making half cakes from her home in Nazigo for ten years. She is a married with four children and works with her husband to ensure that the best quality and quantity is attained while the children attend their schools.
With her loan, she intends to buy baking flour, sugar, and other ingredients to make more half cakes. Her customers are mainly schools, shops, and supermarkets that buy in plenty, plus individuals that buy as retailers. She is happy that the loans are helping.
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