Jackline has had a business selling second-hand clothes for eight years. Her main challenge is transporting her goods between various markets, which sometimes becomes too costly. Her main markets of business are Katerera, Kyendangara and Mugyera town markets, and these give her a monthly profit of 250,000 UGX. Jackline is successful because she deals in a variety of clothes, including womenswear, menswear and childrenswear. Her dream is to have a clothes store in Katerera town so that she can cease transporting her stock to markets. She also dreams of seeing all her children attain the best education and get good jobs.
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