Bunawona Group 2, Kayunga
Susan says she read the parable about talents in the bible that says most people lack the confidence to do something because they are afraid of failure. She says she chose to make an exception to that parable, well knowing she had confidence and that courage of conviction succeeds in any undertaking.
Susan is a good-natured married woman with three kids who all attend school in Bunawona. Her customers cut across all levels but it’s mostly the lowest common denominators who are her patrons. In a week her profits add up to 180,000 shillings. She also gets some profits from a poultry business.
With this loan Susan wants purchase goodies like salt, bars of soap and maize flour 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