Wava Muno Group Of Mukono
Christine has been operating a salon in Seeta for two years now and she is able to make 50,000 Ugandan shillings (about $27 U.S.) in profit per week. She is a good person with good customer care and her hope is to expand her salon further as well as her family having good health. Christine hopes this loan will boost her salon business enough so that she will be able to make more profit.
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