Donata is 37 years old and married with three children aged between 14 and 6 years. She also takes care of four dependents.
Donata offers medical care and first aid to the local people and hence is an important factor in her local community. She is able to make 340,000/= as profits each month and this helps her in taking care of her family plus paying the children’s school fees.
Donata still has a dream of moving to the main town of Bushenyi to transact her business from there, since the population there is large. She has been successful so far because of her good customer language and friendliness, in addition to the loans that help increase her capital every time she uses them.
Donata needs a loan to help with the completion of her children’s school fees since she would like them to a obtain the best education up to university level.
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