Kafuro_Fish Farmers Group
Hawa has many regular customers. They are residents and traders from nearby places.
Hawa and her husband have five children, three of whom are still enrolled in school.
With her Kiva loan, Hawa plans to buy more beans, coffee, and maize to offer for sale. She is confident that this will increase her profits and improve her family's standard of living.
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