This business that started off small has enabled her to sustainably shoulder her responsibilities, be it the provision of her family's welfare or the growth of her business. Her first business was selling secondhand clothes. Her business, notwithstanding its success, has not grown at the pace that she envisioned. It’s for this reason that she is requesting this loan so she can purchase more agricultural produce in bulk to resell and hence to make more profit.
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