Abalihamu Mbwera Group
He started a business so as to cater to his family's needs; he has hopes of buying a plot, despite the network problem that affects his sales.
Ambrose is acquiring credit to increase his capital in mobile money business.
He is a member of the Abalihamu Mbwera Group, where members guarantee each other to access credit.
More information about this 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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Success!! The loan was 100% repaid