Matare Progressive Group, Kihihi
This loan will help William to do research and purchase better quality products for selling such as rice, beans and coffee and to further restock his business in order to match the customers' demand. With an improved business, he will be able to earn more revenue and to support his family as he struggles to educate his nine children to create a better future for them.
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