Kamwokya D Group

Ayoa has applied for a loan of $1,300 U.S. dollars along with four other women. Ayoa has taken out a loan before and paid it back on time, so she is confident that she will be able to repay this one as well. In this type of group loan, the money is divided among each woman to invest in her own business. They guarantee each other's loans, so that if one woman can't repay it, the others will cover her share. Fidah Mulaba has a business in charcoal selling and wants to expand it, while Lydia Awuuba hopes to buy a fridge for her bar. Asiya Nabirye grows matooke, or green bananas (a popular food stape in Uganda), and wants to buy more supplies to plant more crops. Lastly, Ayoa Ngobi wishes to buy more stock for her food-selling shop.



About Group Loans
In a group loan, each member of the group receives an individual loan but is part of a group of individuals bound by a group guarantee. Under this arrangement, each member of the group supports one another and is responsible for paying back the loans of their fellow group members if someone is delinquent or defaults. Learn more