Kahuna B Group
For six years, Raphar has been involved in a retail business after diverting from the sale of fresh foods, which were perishable. She has the challenge of limited funds in order to meet the demands of her customers and her desire is to become a wholesale trader.
Raphar needs the loan facility to buy maize, flour, sanitary towels and salt for resale.
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