Zikusooka Womens Group
Zaituni has been succeeding by a long shot and she is hoping for more success in the near future. She says the inspiration to begin this business came from her dad. Prior to that, she was running a retail shop. On the side, Zaituni also does some small scale agriculture and tailoring. She says this business generates profits totaling 200,000 shillings per month. With the requested Kiva loan, she is going to purchase more clothing 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