Gyenvudde Women's Group
Gyenvudde Women’s Group is a women-dominated group located in the center of Kalisizo Town. The group is comprised of women whose major activity is charcoal selling. They are mainly single mothers.
Teo is a married and hardworking lady with three children ages 2, 3, and 12 years, of whom one goes to school. She also takes care of one other child - a nephew whose parents passed away.
Teo sells fresh fruits and vegetables, which include tomatoes, beans, Irish potatoes, onions, oranges, cabbages, etc. She supplements her business by selling fish and she works for seven days a week.
After trying out several activities, Teo finally concentrated on the fresh fruit selling business, which seemed more profitable. That was in 2001. She diversified this business with fish selling. She will use the loan to boast up her fish selling business.
The major challenge she faces is the rotting of the fruits and vegetables. This comes from the period where there is low customer turn-over and the fact that she has no refrigerator to keep the fruits and vegetables fresh.
With the help of the loan, Teo hopes to buy a plot and build a house of her own in the near future.
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