Put Hands Together Group
Weedor’s business consists of selling dry goods, including food items, clothing, and housewares, in the Bokeza market in a stall alongside other vendors. She has been running her business for the past two years. She’s requesting a loan to purchase additional inventory so that she can run a small store out of her house instead of traveling each day to markets in nearby villages. She treats her customers so well that she believes they will come to her larger store run out of her house. In the long-term, she wants to build a boarding home, to complement her shop, for displaced victims of the war.
Note on LEAP:During routine partner monitoring, Kiva learned that LEAP's delinquency data may be understated due to technical problems with their reporting software. Because this report is key to our analysis of the risk of this partner, delinquency or default rates on loans to this partner may be higher than we expect. For further details, see LEAP’s partner page on Kiva.
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