Muhokya Twekambe Gp Group
She ventured into this business to generate income and to look after her her family after vowing to fight the poverty that she went through in her childhood.
She hopes to expand her business into new markets, however, debtors and few customers are challenges being faced.
Jane is requesting a loan to buy food to use in her restaurant. She is a member of a group in which each member guarantees the other to get a loan.
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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