Try And See #1 Group
Musu’s business is a cookshop, a form of fast-food roadside café for workers in the fields and other general laborers. She has run her business for 10 years and is successful because her customers like her personality and work ethic – she stays open long hours for them – and the way she prepares the food. She’s taking the loan to increase her food stores of rice, oil, and meat to meet the demand of the growing economy. Her dream is to grow her business so she can one day have a real restaurant in town. With the profits from her business Musu dreams of building her own house and sending her kids to college.
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