Namiiro, Twezimbe Group
Aisha has been in the business for a very long time. In fact it was her first business although she has added others, like farming on a small scale for both sale and home consumption, as well as owning two cows and poultry. She is married and has ten children and she cares for three orphans. She is paying school fees for 5 children. With her portion of the group loan, she plans to buy more used clothing to sell to her customers in the various markets.
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