The Organizing Secretary of Skylight Group is Violet N., who owns Ghemt Hardware store in Githunguri, a growing trading center outside Nairobi. Violet has run this business for the past eight months, selling electronic goods and building materials such as cable, bulbs, pipes, cement and nails. Previously, Violet was employed as a cashier for three years, and used her savings to open the hardware store.
Violet has requested a loan to purchase more expensive materials such as cable, cement and paint to sell. She would like to one day be a wholesaler of electrical goods and other hardware.
Violet is married, and is the mother of two children: a 12-year-old girl and a 7-year-old boy. She describes herself as principled. She believes in herself and achieves whatever she puts her heart into.
The other members of the Skylight group own a diverse set of businesses including a cereal shop, a restaurant, a grocery, and a clothing shop. In addition, some members transport water and buy/sell plots of land.
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