Butogota Group A, Kihihi
Norah has a business selling bunches of matooke (green plantain) from her area of Butogota market. Her other form of income is through farming and, in total, she is able to make 50,000/= as weekly profits.
Nora has nine children and her goal is to ensure that she takes good care of her family. For the sixteen years she has been in business, she has been able to acquire land as well as improve her family’s welfare.
Before Nora’s current business, she used to make handcrafts but, since they were not so profitable, she transferred to this business. Nora needs a loan to be able to buy more matooke to sell.
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