Rutendere Women's, Kihihi Group
Having noticed the prevailing market in the area from local occupants and travelers, she started a clothes business. It is for this reason that she wants to get this loan to improve her financial prospects in terms of restocking her business with attractive materials and more bales of clothes.
By her own account, the future of her business is promising and this will see her earn more revenue as she manages to maintain her customers by doing timely shopping for them. With the loan she wants to purchase more garments to give her business a new lease on life, which will improve her sales revenue and enable her to take care of her family.
Maurice belongs to a group of members who insure and hold each other accountable 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