She had a challenge of lack of enough capital but, now that she can access loans, the problem is somewhat solved. She can use her loans to restock her shop with more products hence making more profits of about UGX 60,000 a week. She hopes her shop will grow much bigger so that she is able to buy her own house in the future. She needs a new loan to help restock her shop.
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