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New Canada 2009-3 Group
In this Group: Margaret, Pita, Mary, Rejina
The leader of this small group is 28-year-old Margaret D., who is requesting a loan to expand her bread-selling business. Margaret is married and has four school-going children ranging from age 10 to 15. Each week, she makes approximately 360 Sudanese pounds in profits, and with the extra profits that will result from her loan, she hopes to be able to pay her children’s school fees.

Margaret is joined in her small group by Pita A., Mary J., and Rejina S.. Pita A. has a business in selling vegetables and wants to buy a car. Mary J. is currently operating a business in selling at the hotel and wants a loan to expand. Rejina S. operates a business selling charcoal and also wants to expand.

Additional Information

About BRAC South Sudan

BRAC's holistic approach to poverty alleviation and empowerment of the poor encompasses a range of core programs in economic and social development, health, education, and human rights and legal services which are delivered through an extensive network of village organizations. BRAC has become one of the world's largest NGOs as a measured by the scale and diversity of its interventions.

In 2007, BRAC started operations in Southern Sudan. The microfinance program, which is targeted towards returning war refugees, has already formed 418 village organizations with more than 14,000 women members.

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.

About South Sudan

  • $2,000
    Average annual income
  • 0
    View loans »
    South Sudan Loans Fundraising
  • $2,343,750
    Funds lent in using Kiva
  • 2.0
    Sudan Pounds (SDG) = $1 USD

Success!! The loan was 100% repaid

A portion of New Canada 2009-3 Group's $850 loan helped a member to expand the business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
May 26, 2008
Listed
May 12, 2008
Currency Exchange Loss:
Covered
Ended:
Jun 15, 2009