Caltex Development Group, Mubende
Frister is requesting a loan in order to be able to buy more clothing materials, both for to offer for sale and to use for making clothes that she will then sell. She is a hard-working and determined lady who was trained in the tailoring trade before starting on her business. Her dream is to continue educating her children and to be able to secure a permanent place in town from which to operate her business.
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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