Mpasha Bamwe Group, Ibanda
She has been able to repay her loan with ease and she is now seeking another. She says that her good customer care and general organization have helped her succeed in business and she is now be able to make 200,000UGX as profits per month. She hopes to expand her shop further. Rose is married with 4 children aged 1-13 years, and 3 of them are in school. She also cares for 1 dependant. She has a dream of seeing all her children attend school and have the best education for self-reliance. She needs a loan to be able to restock her shop with more goods like bean seeds, maize flour, baking flour, sugar, cooking oil, bread and so on to avoid running out of stock.
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