Sawa Ya Kola Group
Hope operates her business in a busy market making high daily sales. With the profits, she is educating her children as well as the orphan in her care. In future, with increased income, Hope will begin another business to supplement the existing one. Her major challenges are stiff competition, limited capital and unfaithful debtors. Hope is the one kneeling on the left.
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