B. Christine is the leader of her lending group in Lugazi. She is 25 years old and married with 1 child aged 3 years and in Nursery section as she takes care of her siblings. She is a tailor in Nakazadde and it’s the competition that enables her to succeed since she knows what she is doing. Before the tailoring business, she had a video library and changed two years ago and she is not regretting. She is able to make 30,000/= as profits a week and she hopes this will increase more because of the quality work she does. Christine has a dream of becoming a supplier of sewing machines as well as building a residential house for her children. She needs a loan to help add more capital in her business by buying more clothing materials for a steady supply. Christine is such a hard working and determined lady and I believe she will make it in future.
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