Myanzi Tukolerewamu Women's Development Group
Halima sells mostly coffee, bananas and beans, and the fact that she owns a farm has really come in handy. She says she is able to sell mostly crops she has harvested from her own garden. In this way she has cut down on her expenditures and increased her profits. She says she is able to make weekly profits to the tune of 50,000 KES.
Halima belongs to Myanzi Tukolerewamu Women's Group, Mityana. With this loan, she is going to buy high-grade manure to improve her farming.
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