Ongaroi Jua Kali Self-Help Group
Rosemary started her business 3 years ago after accumulating savings from her former work place in a local hospital located in Busia town. She currently deals in ladies' shoes but would like to diversify to include children's and men’s collections as well. Being the bread winner for her family, it would enable her to support both her children and her husband, who has a low-paying job. With the little profit that she gets from the business, Rosemary still struggles to pay her house rent and to feed and clothe her children. But with the help of her loan, Rosemary will be able to add more stock of second-hand shoes and 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