Comfort owns and operates a grocery shop in her neighborhood where she lives. She sells items like sugar, vegetable oil, bottled water, skimmed powdered milk, biscuits (cookies) and cosmetic products, etc. She works very hard in taking care of the family and sees her children as her future leaders who would one day change family hardships and living situations.
Comfort requests the loan support to buy stock in bulk to increase her inventory. With the loan, she wants to purchase more crates of assorted drinks, bags of sugar, cartons of vegetable oil, boxes of biscuits, etc. She hopes to improve her savings to support her children in school. She would be more than happy for your support.
Comfort is the leader of a trust bank group called “Adonai”. She is the one seated in the group photograph. Most of the members of this group are petty traders, food vendors and farmers, etc.
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