Flavia makes chicken feed from fresh animal blood, shells and bones. She employs people to go to Lufula slaughterhouses to collect the fresh blood in cans. She boils this with ingredients from Ugachick Poultry Breeders Limited in Gayaza, as an independent producer. Once done, she sells to Ugachick itself, although the payments take two weeks to come through. This is one reason she also sells to other firms that pay instant cash for her to remain in business.
Her previous loan helped her renovate her recently built house and now she needs a loan to help buy more raw materials for her business. She also wants to put a concrete floor in her house to get rid of the dust. She is very grateful for her previous loans and those to come.
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