Masitula N. is 45 years old. She has been a market vendor in Owino market for 24 years and sells tomatoes, onions, and green pepper. She is happy that the good care she gives to her customers has kept them with her all this while plus attracting more. She hopes to have all her children have an educated life so that they can be better off than her in future. She is a mother of eight children, aged between 21 and 10 years old.
She is the leader of the Kisakye group in Rubaga. She hopes to expand her business with loans. She wants to buy more tomatoes, onions, and green pepper once given the loan.
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