Ntenjeru Tubeere Group
From his own account he has done great business selling coffee. It is on that basis that he wants to grow more coffee as the potential for even greater profits in the future. His experience in this business for the last 5 years shows that nothing short of diligence, determination and optimism will bring business success. Zebhor has been making common cause with Pearl Micro-finance for quite a long time. He says it's where he prefers to apply and get loans from.
Weekly he says this business generates him 150,000 Shillings as sales profits. He reckons he will be able to earn an even greater amount when he gets this Kiva loan. He anticipates this loan will be one of his means to achieve this end. He is planning on purchasing more coffee seedlings to plant and dry coffee to sell
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