Kuteesa Women's Group-Mpigi
Harriet isa single mother with 3 kids. She says her brother has been at her beck and call in the running of her business all this while. She also ekes out profits from a small cash crop selling business. Harriet is also a teacher. In a week her profits total up to 150,000 shillings. With this loan Harriet, who belongs to Kuteesa women’s group- Mpigi, says she is going to purchase building materials for the school she says she is building in her locality.
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