Nambale Mixed Group
Susan has however had her fair share of adversity. On many occasions, she has been running short on drug supplies at her pharmacy. What in most cases compounds her problem is the lack of capital to purchase more drugs to resell. She says, however, when there are enough drugs at her pharmacy, she rides high on sales income. Susan says she set forth in this business after medical school. On the side, she ekes out a side income from a small farming business. With this Kiva loan, Susan says she will purchase more drugs for resale.
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