Bujengwe Group A, Kihihi
Lydia always ensures that her customer care skills are good; the location of her business is good, and there is a ready market for her produce plus it is high quality. She hopes to expand her business and educate her children further in addition to having a family with good health. Lydia needs a loan to help with the rehabilitation of her tea plantation so that she can increase her income and be able to pay wages efficiently.
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