Ilela Self-Help Group
She has been in the business of selling fruits and vegetables for two years. She got her capital from accumulating small savings with a women’s group, a program that is commonly referred to as a “merry-go-round.” She currently operates a small grocery stall selling fruits and vegetables in the neighborhood where she resides with her family.
Agripina uses the profits from her business to feed, clothe, and educate her children. Her husband also relies on her, as he does not have a job. With the help of her loan, Agripina will be able to increase her grocery stock and also diversify her business to include selling fruit juice. This will help her to increase her monthly sales.
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