Vanesio is 30 years old and is a hardworking and determined man with a business he has had for two years selling produce in the town. Before this business, Vanesio was only a farmer but now he goes to the market himself to sell his produce. He also buys from other farmers when he has a deficit. He is good at handling his customers and this has helped him expand due to his many customers.
Vanesio needs a loan to help buy more produce for resale. He is grateful that the loans help him have a variety to sell. He hopes to have a happy and healthy family in future so that his children can be self-reliant.
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