Itojo Twimukye Group, Ntungamo
Lydia has been selling clothes at the Itojo Trading Centre for 10 years. She is able to make 200,000/= (Ugandan shillings) in profits from her business each week, despite the challenge of having limited capital to acquire more clothes to sell. However, with the help of loans, she is able to have a wide variety of clothes, enabling her customers to have a choice.
Lydia hopes to make more wholesale purchases and have better health for her children and sustainability. She needs a loan to be able to purchase more clothing to sell.
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