Dependable God Group
Angelina hopes that, one day, she will be able to grow her business into a big shop. She is excited to be taking the loan which she plans to invest in purchasing groceries in bulk to serve her customers. She anticipates increasing her profit level and also expanding her market. She also farms to generate additional income.
Angelina is married to a farmer and they have five children from age 9-18 years. She describes herself as a cooperative group leader of 'Dependable God' Borrower Group, made up of 10 members. She says her group members are cordial and as the leader she ensures regular meeting attendance and repayment of loan installments.
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