Matale Group 2, Lugazi.
She is able to use her loans to restock her shop with more goods, and it is the profits she makes out of the shop that help her take care of almost all her family needs. She hopes to transform her shop further with a hope to turn it into a wholesale shop, where she will be able to make more profit out of it, for her children’s continued education. Christine needs a loan to be able to restock her shop with more goods.
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