Flista has a retail shop in Kiruuma that has been running for seven years. She is able to make 50,000 profit a week. She is a friendly and very hard working lady. She has a dream of transforming her retail shop into a whole sale shop to sell more and make more profits. She also strives to build a good family house for her children and the rest of those she cares for.
Flista is also a farmer and since it is a rainy season, she would like to buy quality seeds and employ manpower to clear the farm land for fresh planting. She has a strong drive to succeed.
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