Abagamba Kamwe Grp Group
Grace is married with seven children and of them, four are school-going.She is a peasant farmer involved in the growing of groundnuts, maize and beans for both home consumption and commercial purposes so that she can generate some income for the family.
She wants a loan of 200,000 (two hundred thousand) shillings through the group to buy seeds for planting and pay some of the workers who help her in the farming. Her major challenges include the changing weather patterns, limited market for agricultural produce, and price fluctuation for the products.
Her dream is to expand the farming projects as well as educate all her children to higher levels.
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