Her customers for the green vegetables are located all over Lugazi and she is lucky that her customers come to her for the purchases, hence allowing her to save on transport. She is able to make weekly profits of 30,000/= per week (minus the sale of animals). Hasifa needs a loan to top up with her current savings and buy another piece of land to expand her farming.
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