Strive Ahead Group
She is a member of the Strive Ahead group; the group has been borrowing from Thrive for the past year. Sithembiso and Sharon are the remaining members as others have fallen away, their determination has ensured that they continue to strive ahead. Even though Sithembiso lost about $1000 to thieves in the last year, she has proudly repaid her loan as per reschedule.
A loan to this group will enable Sithembiso to knit enough jerseys to meet her demand as the winter season is just starting. Owing to climate change winters are getting colder in Zimbabwe and good business prospects await her.
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