With constant medication using native medicine, Sarah was able to recover slowly only to be told by people that she had 3-month-old twins. She thought of what to do but had no money to do anything at the moment, but since she had worked in the salon during those happy days with her husband, she couldn't settle for anything else.
Sarah started her salon with $100 from her only sister, and once she was set, she was introduced to the Kitimbwa mixed group that has surely given her a rebirth. She is now able to buy braids for plaiting her customers' hair, who like the way she twists their hair. She has a dream of enlarging her salon so that she is able to lay a strong foundation for her children, whose father has publicly abandoned them. She is a strong woman with a drive to succeed.
Sarah needs a loan to help her buy more braids, weaves, and chemicals for treating her customers' hair. Surely I was driven to visit Sarah in her salon, which is not very far away from where her group meets every Thursday. She now wants to restock her salon by buying braids, weaves, chemicals and lotions so that she can save and buy a drier in future.
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