Ashura's Maendeleo Group
Ashura owns a small grocery store, which she started in 2005. Everyday she works from 6am to 6pm at her business and can earn a monthly profit of about $250 from her sales.
She now hopes for a loan to buy more grocery supplies, such as beer and soda, for her business.
Ashura will share this loan with her group members Tunu, Elizabeth, Rehema and Frida, who have businesses dealing in groceries, food vending and salons.
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.
20View loans »
Success!! The loan was 100% repaid