Itembezo Tukore Group
Christopher has a dream of expanding both plantations to be able to earn more as well as continuing to educate his children for self-sustainability. He is quick to say that ever since he started taking loans, his sales have increased because of the improved quality, and this is one reason why he needs to take another loan: to be able to buy fertilizers for the tea plantation.
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