Tausi would like to use the loan of 1,000,000 USH to repair some fishing boats in her fleet, which would allow her to transport more fish to Tororo. She believes that such actions will yield her higher profits. One day, Tausi hopes to be able to afford a permanent house for her family. She has actually already bought the land; she just needs a bit more money with which to begin construction.
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