Jehovah Jire Group
Portia has benefited from the Thrive loans in many ways. She has managed to send her three children to school and is in the process of extending her house. As her children are growing, her small house can no longer accommodate her family. She has managed to procure building material such as bricks, cement, door and window frames. She needs more of these materials in order to finish building her house.
With a Kiva loan, Portia will be able to stagger her broilers in such a way that she will be selling 200 mature birds every three weeks, which will be a great boost in her business since at the moment she sells 200 birds every six weeks. The additional income will enable her to finish extending her house and give her children a better life.
About THRIVE:THRIVE Microfinance is a for-profit microfinance institution in Zimbabwe that was founded in 2012 by former Kiva Fellow Henry Bartram. The organization provides productive business loans that utilize the group lending methodology, lends only to women, and provides auxiliary training before and after loans.
The organization currently supports approximately 25 groups of women, with $190,000 outstanding. With Kiva’s support, THRIVE will strive to reach their goal of $350,000 by the end of 2014.
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