Tusakimu Group Masajja
Betty, a group member, is a married mother of four children, all in school. Her main source of income is selling shoes from market to market, assisted by her husband. They do this to pay tuition and meet the necessities of their children. Their dream is to build a house of their own before their years advance. Her main challenge is working in the open where she is inconvenienced by weather changes. It gets either too hot or rainy at times, dislocating her business. Despite the challenges, she is positive that the situation will change and they will be able to find a permanent place to sell their stock.
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