Alinyikira Dev't Group
Update on Alinyikira Dev't GroupAmina is grateful to the Kiva lenders through Ugafode for a job well done. She was able to increase her stock of stoves and increase her sales. She now wants another loan since the previous one was paid off. She will be able to get a discount if she buys in large quantities. This will help her to earn increased profit. She is hard working and thanks Kiva lenders for being supportive.Two of the members are sitting out this loan cycle though they have signed the waiver form.
Previous Loan DetailsAt 28 years of age, Amina is married and has two kids. She also looks after her four sisters, who are dependent on her for their livelihood because they are orphans. She sells charcoal stoves made of clay to meet her needs and those of her extended family. Her main challenge is customers who take… More from Alinyikira Dev't Group's previous loan »
Concurrent and Successive Loans
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.
Loan tags help lenders find loans that match certain areas of interest. You can add up to 5 tags for this loan.
143View loans »
- Repayment Term
- 8 months (Additional Information)
- Repayment Schedule
- Nov 27, 2013
- Dec 27, 2013
- Currency Exchange Loss:
- Jan 17, 2015
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.