Burambira Development Group A
Gad, a the father of four children, gleefully remarks that the success of the shop is due to the hard work ethic he has nurtured and embraced. The store was launched with savings from his agricultural sales business. The shop's weekly sales is approximately 180,000 shillings. He will use the loan to purchase more retail commodities to resell.
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