Kyenzige Sacco Group
She has requested a loan of 200,000 shillings to add into her business of selling beans and maize in order to meet increasing demand and get more income to cater to her family's needs.
Her dream is provide the children with a higher level of education using the proceeds from the business and to buy more land and construct a house for the children. Her major challenge is the limited capital to use in the business and she hopes that if she is financed her challenge will gradually become a thing of the past.
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