Nyabuliko Abagambakamu Group
She is being faced with the problem of inadequate capital to meet the different needs of her customers and well equip her salon.
She has a personal goal of educating her children and building a permanent home and her business goal is expanding her business into new marketplaces.
Winfred wants a loan to buy cosmetics for her salon. She is a member of the above-mentioned group.
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