Kitimbwa Mixed Group
Rose does not regret being the leader of her group because this has taught her many leadership skills that she lacked before. She says that farming takes a long time to bring in revenue, but when the time is ripe, she is all smiles. Look at the baby that Rose had when she took her first loan in October 2007: he is really grown up and stubborn because she is able to care for her baby and the rest of her children with profits from the loans. She is asking for a loan to help her buy a fridge, soft drinks, sugar, salt, cooking oil, and baking powder in large quantities to prevent her from over-spending on transport costs.
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