She says that the secret to her success is the good customer care, marketing skills and loans that add capital every 4 months, enabling her to care for her children and pay their school fees.
Annet is able to make 300,000/= (300,000 Ugandan shillings) in profits every week and she would like this to increase even more. She needs a loan to help restock her retail spare shop with more equipment and to buy more feed for her chicks.
Annet is a married lady. She has 7 children, ages 13 - 22 years, including orphans that she cares for. All of her children are in school and she helps to pay for all of their school fees.
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