Update on Vision GroupThe group members are grateful to Kiva lenders for contributing towards their previous loan, which Pauline needed to pay tuition for her children. She did so and her children studied well. The group members want more money, though Pauline is now taking a break.
Zaituni is 35 years old and married, with four children who all attend school, and she is a member of Vision Group. Despite the fact that she earns little income, Zaituni has managed to provide all the necessities of her family.
She deals in the sale of clothes in the city center and she has been in business since 2007. Zaituni is a very hardworking lady, since when no one would offer her help in the bringing up of her children, she still managed to provide the best to them through hard work.
Zaituni believes a lot in the conservation of her environment, and she does numerous activities to see that the environment is conserved, like planting trees in her compound, among others. Because of her effort, she now requires a loan for the completion of her sewage system - something that will help in maintaining proper hygiene in her home and in the neighborhood.
She therefore humbly requests the lenders to fund her in the completion of her sewage tank to maintain her environment and keep it safe from diseases that would be likely to breakout due to unsafe disposal of wastes. The extra members in the photograph are just resting this cycle, but signed on the waiver form.
Previous Loan DetailsPauline is 35 years old, a widow and member of Vision Group. She has four children who all attend school. Despite the fact that she earns little income, Pauline has managed to provide all the necessities for her family. She sells charcoal to earn a living; she has been in business since 2007,... More from Vision Group's previous loan »
More information about this loan
This loan is part of UGAFODE”s Micro Mortgage Loan program. Many of these clients are currently renting and these loans allow them to own their home and provide for their families. This may be their first home, or renovation to homes not fit for habitation. By building and renovating, borrowers who utilize these loans have improved health and safety through a stronger structure and better protection from the elements. UGAFODE offers these loans to cover essential costs like labour and material so borrowers can provide adequate shelter and sanitation facilities for their families.
Concurrent and Successive Loans
Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.
This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.
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.
About Housing Loans
Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.
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Success!! The loan was 100% repaid
- Repayment Term
- 10 months (Additional Information)
- Repayment Schedule
- Mar 11, 2014
- Mar 23, 2014
- Currency Exchange Loss:
- Nov 17, 2014
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.