Ngarama Farmers Women, Kihihi Group
Due to the good management and esteemed customer care, the business has maintained customers for a long time, thus creating the good hotel market as they maintain high levels of hygiene. With this loan, Stella wants to renovate the lodges put in place good furniture, and also go shopping for hotel equipment as the existing equipment is out dated. This will enable her to get more customers, earn more profit, and meet her family and children’s requirements (such as education). She is very optimistic about achieving a self-sustaining life.
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