Omore Jenga Self-Help Group
He owns a small retail shop which he started ten years ago, after accumulating savings from the little money he earned while working as a shelf attendant for a supermarket. Oscar’s small retail shop sells household goods that his customers can use on a daily basis. The shop mostly stocks food and toiletries.
Oscar is a hardworking man. From the little profits that he gets from his business, he is still able to feed, clothe, and educate his children. With the help of the loan, Oscar will be able to add more stock for his business, which he hopes will generate more income. His long-term business vision is to open up a wholesale unit in the future.
Disclaimer: Due to recent events in Kenya, the security situation in many communities remains unsettled, affecting many local businesses. Lenders to this entrepreneur should be aware that this loan may represent a higher default risk, and should be willing to accept this additional risk in making their loan.
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