Ushauri Jaribu Self-Help Group
Mary’s primary business is selling fish which she started 7 years ago. She first started by selling fish in Kisii for a friend for a small commission fee, from which she accumulated savings to start her own business. She mainly concentrates on Omena (fingerlings), but occasionally also goes to the beach to purchase tilapia fish which she says gives her a higher profit margin.
Mary’s day-to-day activities are quite challenging. Her day starts at 4 am every morning when she goes to purchase her Omena (fingerlings) from the fish wholesalers. She then has to rush back home to prepare her children, who have to walk as far as 8 km away, for school.
Mary mostly sells her fish on a retail basis to her regular customers, but with her loan, she will be able to buy more tilapia to increase her sales and eventually expand to wholesale business. Mary’s long-term business vision is to purchase a lorry and to transport fish for further processing and export abroad.
Disclaimer: Due to recent events in Kenya, the security situation in many communities remains unsettled, affecting many local businesses. Lenders to this entrepreneur should be aware that this loan may represent a higher default risk, and should be willing to accept this additional risk in making their 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.
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