Kyosiga Kyokungula2 Group
Efulansi works hard every day in order to look after her grandchildren well by providing them with a quality education and all basic necessities. Efulansi is recommended by her customers as the best tailor around in her village.
She needs a loan to buy more materials and a new sewing machine because the one she has is old. It can no longer produce as many pieces as it used to when it was new. She has hopes of improving her business and renovating her home.
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