Alinyikira Group, Central
She has had a retail shop for five years and a poultry business for a long time and manages to make 230,000 UGX as a weekly profit.
Janat says that she is so friendly to her customers that it makes them draw money from their pockets into hers and her personality has also won her many genuine friends. She hopes for her two businesses to expand so that she and her family are more prosperous. Although her husband has his own job as a taxi driver, they work hand in hand to ensure that everything is okay.
She needs a loan to help restock her retail shop and purchase more chicken feed, as well as buying more day old layers to produce more eggs.
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