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Bonface Masita's Group
In this Group: Bonface, Stella, Martin, Julliet, Grace, Francis, Josphine
Bonface is a young father from a slum called Kawangware. Due to the lack of job opportunities in the area, he has experienced long periods of unemployment and struggled to find a decent wage to provide for his family. Like Bonface, the rest of the group reside in similar areas and strive to lead a better quality of life. They all aspire to becoming self-sufficient business owners and are currently selling energy-efficient products like solar lamps and ful-efficient cookstoves to improve their busiess skills and earn a decent wage. The group will use the loan to buy more stock so they can earn a decent wage and lead better quality lives.

Additional Information

About iSmart Kenya

iSmart Kenya is a nonprofit organization that creates jobs for youth by leveraging market demand for hard-to-get, life-improving technologies in slum communities. Through iSmart Kenya, youth living in poverty earn an income and gain the professional skills required for a lifetime of employment. Kiva lenders’ funds are used to help iSmart Kenya achieve greater impact in two key ways: 1) by mitigating our risk of supply gaps and 2) by improving our ability to scale our model into new slums.



iSmart Kenya joined Kiva through our Experimental Partnership Program, and has therefore received a lighter level of due diligence. Accordingly, loans associated with this partner carry a higher level of risk than typical Kiva 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.

Tags

About Kenya

  • $1,800
    Average annual income
  • 805
    View loans »
    Kenya Loans Fundraising
  • $42,367,725
    Funds lent in using Kiva
  • 86.0
    Kenya Shillings (KES) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A portion of Bonface Masita's Group's $5,875 loan helped a member to purchase clean energy technologies to sell.
99% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Jan 31, 2014
Listed
Jan 28, 2014
Currency Exchange Loss:
Possible
Ended:
May 17, 2015