Peace has had a bar and hotel as her business for a long time in Kabogore Trading Centre. Her success is attributed to her ability to have enough foodstuffs to prepare in addition to the sauce as well as having enough drinks for her bar. Peace needs a new loan to be able to restock her bar with more beer, wine and soft drinks. She is the leader of Kabogore Twimukye group in Ibanda.
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