Senyi Women's Group Of Lugazi
Bilego has been a carpenter for 15 years and has served a lot of clients. He attributes his success as a carpenter to his high level of customer service and his hard work and determination. He hopes to use the loan amount of 1,500,000 USH to inject capital into his business and purchase more supplies. In the future he would like to build a house for his family.
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