Butogota Group D, Kihihi
Sulaiman is a butcher from Butogota central and has been eight years in his business which he inherited from his father. He is able to make 900,000/= as weekly profits yet his other sources of income include farming and bricklaying. He employs men to help with these other businesses.
Sulaiman needs a loan to be able to buy more cows for slaughter. Before this business transformation, Sulaiman was a farmer and a carpenter and he does not regret the move he made. He is such a well behaved man, very disciplined and hardworking, who has also seen his business grow.
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