Wofunira Development Association Group
Such is the case with Robinah. She and her husband have the Fairy Star Electrical Center. They are an electrical retailer and wholesaler. They provide electrical wire, switches, panel boxes for electricians, and light bulbs such as energy-saving fluorescents for homeowners.
Robinah is 38 and married with 4 children. She also takes care of 2 orphans. With her loan, she plans to buy more electrical supplies for her store.
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