Jubilee Tukore Group
One of the group members, Mallen, is going to restock her retail shop in preparation for the harvesting season when people have money to buy her products. She deals in second-hand garments and most of her customers are women and their children. They normally buy after they have harvested and sold their crops. Mallen hopes to borrow more money to prepare for the festive season where demand for clothes will be high. She expects to complete her house and pay school fees for her children since these are her most pressing needs.
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