Kanoni Tweyambe Group Of Kihihi
Annet’s story seems to be an exception to that stereotypical societal rule that has for long held that women hardly succeed in her kind of business. At 29 years old, she seemingly is on the right track. With her monthly profits of 250,000 shillings, this hardworking woman has been able to reach a satisfactory rate in her business operations. Her six children all go to school and her family’s welfare has improved.
Annet’s main drawback has been the inconsistency and unreliability of her suppliers. On several occasions, she has had to make do with less supplies, yet she was inundated with enormous customer demands. With this in mind, she has drawn up plans whereby she wants to cultivate her own tea plantations to be able to redress this discrepancy in her line of work. In her own estimation, this loan will be her tower of support as she drives her dream.
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