Sarah has a retail shop and a milk-selling business thanks to the loans that have helped her re-capitalize her two businesses, hence coping with paying school fees for her dependents. She has benefited a lot through the loans she gets and with her last loan; she was able to start a dairy shop with some of the milk coming from her cows at home. She needs another loan to help with restocking her shop with more products.
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