Ushindi Youth Group
Esther W. is an average Kenyan woman. She is 38 years old and married with two children. She also lives with the two orphaned children of her late sister.
Esther started her second-hand clothing business four years ago after retiring from her teaching profession, which she had been in for over ten years. She now sells ladies' and children’s wear. She purchases bails of clothing each week from Kisii market, which is well-known for its wholesale clothes business. With the little profit that she gets from her business, Esther is still able to clothe, feed, and educate her children and relatives with the help of her husband, who works as a technician in the town of Kisii.
With the help of this loan, Esther would like to diversify her business by bringing in more men’s wear to increase her monthly sales. Her long-term vision is to expand her business into a boutique.
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