Namulesa Twekembe Group
Sarah is looking for a loan of $550 to buy more products for her salon. Because Sarah mostly does women's hair, she will be buying hair-treatment chemicals, braids, and weaves.
Sarah continues to try to expand her business because she has four children of her own and six orphans to support. Although Sarah does have a husband, she says he is not helpful financially and thus the burden of providing for all ten children falls on her. All of the children she cares for are school-aged and so she has large school-fee bills each year.
With the profits that Sarah made with her last loan, she was able to start a second business running a calling station in front of her salon. Community members use this calling station to make calls if they do not have phones of their own. She hopes that this loan will be able to make her profits grow even more now that she has this second business.
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