Peragia has sold produce in Rushaka Trading Centre for over 10 years. She sells produce from her farm and buys produce from farmers in the villages using her loans to avoid shortages. The secret behind her success is the commitment and loyalty she has toward those she serves and works with.
She is now in a position to make a profit of 400,000 shillings per month. She requests a loan to be able to buy more produce for resale.
Peragia says that although the father of her children is long gone, she has managed to have a happy family amidst all odds and this gives her fulfillment in life.
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