Leah's Ngeta Group
Leah is a 34 year old married woman with two children, ages 8 and 4. Leah is a maize flour seller; she started this business in 2003. Every day she works from 8 a.m. to 6 p.m. at her business, where she earns a monthly profit of about $110.
In the past, Leah has taken out two successful loans from BRAC Tanzania to expand her business. She now hopes for another loan to expand her business. She will share this loan with her subgroup members, who have small businesses selling clothing and maize flour.
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