Muhoroni Blue Star Group
He is 40 years old and married with 8 children. He has 3 orphans, his late brother's children, that he also takes care of. He uses profits from this business to take care of his family. Two of his children are in secondary school and their school fees have been paid with this money. He intends to use this money to increase the clothing stock for his business.
Henry believes that the determination that has enabled him to grow his business and enabled him to expand from renting a sewing machine to owning 3 of his own, will enable him to expand his business to a large size with more sewing machines. He also believes that he has carved his own niche due to his good and stylish finishings.
Henry is the Chairman of his group and he believes he will use his strong leadership skills to ensure the group pays on time and gets subsequent loans so that he can benefit from more loans to further increase his business size and hence profits. The group has maintained a good attendance rate, coming to meetings on time during training, and are quite cohesive.
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