Arise Club Group
This is not a business for the faint-hearted and John knows it. It is not in his nature, however, to sulk nor is he predisposed to depression. He has to provide for his family and handle his other responsibilities. He therefore has no choice but to work hard. John also does some modest commercial farming at his small village farm. He grows bananas, cassava, maize and beans. His weekly business sales profits total 70,000 Shillings. John says he will use his Kiva loan to purchase better spare parts for his motorcycle and also maize and bean seeds to plant.
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