Alinyikira Mbatuusa Group
What has been of much help to Safina is the fact that she also does some farming as a side business. At present, she says she wants to invest more in her farming business as she reckons she will be able to earn from it if she improves her gardens with high grade manure. From her teaching job, she earns 270,000 shillings per month. Safina says with proceeds from the requested loan she is going to purchase high grade manure to improve the fertility of her gardens for 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