Kanyashande Bataka Kwetungura, Kihihi Group
With a loan coming her way, Provia is convinced that she will be able to buy more cash crops like maize and beans so that she does not run short of stock and supplies. This will improve her sales revenue and enable her to live a self-sustaining life. She looks to educating her children so they will become important people who can support themselves in the near future.
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