Bivamuntuuyo Group, Mukono
She ensures that she has good quality products and she hopes to expand her businesses and have more clothes plus being able to make as many bricks as possible as well as having a good health and educating her children to the last level.
Jackie needs a loan to buy more clothes for resale and to use as working capital for her brickmaking business.
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