Kyakatwire Tweyambe Group
For fifteen years she has operated a bar. Edith started with 50,000 shillings but now has 1,000,000 shillings as working capital. She is faced with the hardship of customers not paying on time, which affects her business' growth. Edith wants a loan to buy sodas and beers for sell.
She says her personal goal is to build a permanent house for residence and her business goal is to expand into new markets. She is a member of a group where each member guarantees the 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.
226View loans »