Mkombozi A Group
Noadia is requesting her first loan in order to expand this young business and buy a greater quantity of water, soda, and beer to sell at her shop. As her sales increase and her profit grows, she hopes to put more money towards food for her family.
Noadia will be sharing this loan with her fellow group members, Rose and Amina.
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