God's Power Group, Mukono
Hamiati has had a dairy and poultry business in Terere for five years and, although she is able to make 50,000/= as weekly profits, this is because her diary business is faced with low productivity.
Hamiati has been successful because of her friendly nature and determination. Her business goal is to ensure that she develops her businesses to ensure that she earns enough to pay school fees for her orphans.
Hamiati needs a loan to be able to buy more chicks for her poultry farm so that her business is boosted.
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