Burema Women's Group, Kihihi
Medius has operated a retail shop in Burema for two years from which she is able to make 30,000/= as weekly profits although she has some defaulters who affect her cash flow. She has good customer care and she would like to expand her business into a wholesale business and have all her children attain the best education.
Medius sells general merchandise like sugar, salt, cooking oil, bread and so on and she hopes to expand her business by having more purchases for an improved stock. Medius appears in the group photo and is also shown at the top left. She is a very hardworking lady with a strong drive to succeed.
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