Mugandu Group, Kihihi
David is a businessman involved in agriculture. He keeps animals for meat and for sale and the challenge he has is that animal vaccines are in short supply and hence more expensive.
David has operated from Kyogo – Kinaaba village for two years and he is able to make 20,000/= as profits every week. He hopes to continue having high quality breeds of animals so that his standard of living will improve. He also hopes to have a family motorcycle to help with transport.
David mostly trades and rears goats and he hopes his first loan will help him increase his income and foster business growth. He is such a social and hardworking man and needs a loan to be able to buy more goats.
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