Mboga Safi Women's Group
Wilkista started her business of selling vegetables and fruits 2 years ago after accumulating savings from her former work place in a local school in Busia district. She currently sells her vegetables and fruits at Busia Municipality market on a retail basis, but would like to expand her business and start operating on a wholesale basis to enable her to support her children and her husband, who currently has a low-paying job. With the help of her loan, Wilkista will be able to purchase more stock of different vegetables and fruits to enable her increase her business 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