Reginah has been a fish monger at the Lugoba/Kkoba landing site for twenty-nine years, and out of her experience she is able to make weekly profits of $85, which help her in looking after her family and paying the children’s school fees. She is a friendly person and appreciates the contribution that the loans have made in making the success of her business possible.
She hopes to become a supplier of fish to other fish mongers so that she can make more profit. She also hopes to construct a residential house for a rental property. Reginah needs a loan to buy more fish for resale to her customers.
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