Ishongororo Twekundire Group
With this loan Aidah hopes to buy more stock for her business. This will help her expand her market and also earn more sales revenue to cater for the requirements of her three children, who are still undergoing school, and also be able to progress economically.
Aidah belongs to a group of twelve members who are on their 9th loan. They hold each other accountable and insure each other in paying back the loan.
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