She is a mother of seven children as she also cares for three dependents. Mwajabu also writes and sells CD's to bring in an extra income. She is a friendly lady and this has helped her win more loyal customers. Mwajabu is able to make a weekly profits of between 100,000 – 200,000. She has hopes of expanding her businesses and would like to increase her stock; like buying more CDs and general merchandise for her shop.
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