Balikudembe Group Of Lugazi
Rehema is a coffee seller plus she has had a retail shop in Buwoola for five years. She is able to make 80,000/= as profits each week. She says that she has been successful because of the good relationship she has with her clients plus the help of the loans. She works so hard to ensure that she educates her children to the highest level as well as to expand her business further.
Rehema needs a loan to help grow her business further by increasing her capital. In future, she would like to buy a plot of land and build a house for her children.
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