Burema Women's Group-Kihihi
Before all this, Ellias was tending to his farming gardens from which he harvested crops that he used to resell later. He still maintains his farming source of livelihood, saying he is able to supplement with profits from his tailoring business the little he gets from selling his crops. Weekly this business generates shillings 80,000. He says with this loan, he is going to purchase textiles for making clothing. He says he will be able to make more clothes to resell once he buys the textiles.
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