Amina is married with five children between the ages of 11 and 23. The profits she makes every week help to take care of her family plus to pay her children’s school fees. She works hard to ensure that all her children become educated to the University level for self-sustenance.
She started out as a farmer, selling her produce directly from her garden, but now has the opportunity of selling to the general market at a much higher price. Over the years, she has been able to create a large customer base, and in the future, Amina would like to be able to transport her produce to Kampala using her own truck, although she does not own one at the moment. She needs a loan to be able to increase her capital for more income.
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