Tusitukirewamu Lending Group
Rehema has been our client for nine years and there are no regrets on either side. Now that her children are big, most of her profits help with home beautification as well as catering for her grandchildren.
She is also a member of the womens affairs committee and such leadership is what brings her on as the chairperson of Tusitukilewamu Lending Group, the members of which will share in this loan.
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