Menyikwa Enterprises Self-Help Group
Joyce K. is an average young Kenyan. She is married with four children of her own. She also cares for the child of her late sister.
Joyce started her tailoring business three years ago after completing her tailoring course in Kisii Town. Before venturing into the business, Joyce worked on commission for a friend in Getembe market, in the town of Kisii. From this job, she accumulated savings to start her own business. She started with one sewing machine but she has worked hard to expand her business and currently has two sewing machines.
With the little profit she gets from her business, she is still able to provide food, clothing, and shelter and pay school fees for her children. Her greatest joy would be to see her children go to secondary school for higher education, if possible.
With the help of her loan, Joyce will be able to purchase more clothing materials for her business and thus to increase her monthly sales.
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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Success!! The loan was 100% repaid