Tarajio Self-Help Group
Mildred started operating her business six years ago because the income of her husband, who is a small-scale farmer, was too little to support all their family's needs. Mildred is now able to purchase at least three bales of secondhand bags every week to sell to her regular customers. With the little profit that she gets from this small-scale business, Mildred is able to feed, clothe, and educate her children. With the help of her loan, Mildred hopes to purchase more bales of secondhand bags to enable her to increase her monthly sales. In the future, Mildred would like to open a shop in her hometown, Bungoma, in the Western part of Kenya.
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