She has mainly sold her produce to traders from Kampala for 11 years now and she is able to make profits of approximately 150,000 UGX a month, which helps her to pay for her children’s education. She hopes to work hard so that she can own a large amount of stock that she can sell to large markets in Kampala directly. At the moment, Jeniva needs a loan to help buy agricultural produce for resale since part of the profits derived from her business help to pay off laborers. She is indeed a friendly and kind lady and this has won her customers in such a competitive business.
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