Nyakinoni Tukwatanise Group, Kihihi
Jesca says that her customers are good and most of all, they come from around her operating area. She started saving from her salary as initial capital for the drug shop. Her dream is to educate her children and expand her clinic / drug shop. This is Jesca's loan and she needs to restock her drug shop with more tablets, cotton wool, injectables and so on.
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