Bushura Tutungukye Group, Kihihi
Alice has had a retail shop in Bushura cell for 3 years. She is able to make 30,000/= profit a week. This can be mostly attributed to the availability of items in her shop, although defaulters are also many. Apart from the shop, Alice is also a farmer and she would like to become rich in the future and have a better standard of living.
Alice needs a loan to be able to restock her shop with more goods and to buy seeds and pesticides to improve and expand her plantations. Alice is the leader of her lending group in Kihihi and a very hardworking lady.
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