She has a dream of starting up a poultry business whereby she will be selling the chicken herself from the market hence maximizing profits. At the moment, Hadijah needs a loan to be able to stock more matooke for enlarging her business. This will enable her to save enough for her children’s education and welfare.
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.
220View loans »
Success!! The loan was 100% repaid