Butenga Parents Group
Harriet intends to use the borrowed money to rent a piece of land on which she will grow onions to sell to increase her income. Her customers mainly include the local community and passersby. Despite the challenges, Harriet envisions a bright future through agriculture. Her dream is to build a decent house for her family and some rentals that will fetch income when her children join university.
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