Zinunula Community Bank Group, Nansana
This is the ambitious story of K. Deborah, a 35-year-old married mother of eight. She has been selling fuel for the last six years and has managed to educate most of her children to university level as a result of this. With her monthly earnings above 50,000 and rising every year, her optimism is justified.
It’s in Deborah’s future plans to expand her business. She envisages a situation where she will be able to run her own fuel pump stations. She plans to embark on this project as soon she gets this 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