Byona Biyinzika Group, Kampala
She has a hardware shop, she makes pancakes and she also makes banana juice for sale in Kampala central. She decided to work in all these businesses because she has always wanted to provide the best for herself and her family. She is surely doing that.
She is grateful that she has been able to educate her children using the proceeds from her growing businesses. Margaret needs a loan to help boost all her businesses and increase profits.
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