Kyanzire Hiv/aids Association Group
Zaida is 49 years old and is a friendly lady who runs a business of selling goats in Kashenshero Ruhinda County. She is married and has four children, ages 12, 15, 18, and 21, and she also cares for one orphan.
Zaida has been in business for five years and the loans have allowed her increase her stock of goats in the farm. She is good at her work in animal sales and is able to make a weekly profit of approximately 60,000. This enables her to support her family, pay her children’s school fees, buy food and clothing, and pay health care costs.
Zaida's plan is to turn her business into a permanent one with a fixed location where her customers can come directly to purchase goats. She also strives to have a permanent house for her family as well as ensuring that her children receive the best education possible. She will use this loan to bring her closer to these goals, particularly by purchasing more goats so as to increase profits, which she will use to improve the welfare of her family.
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