Rubaare Twimukye Group, Ntungamo
Pelly has a soda depot in Rubaare Trading Centre where she offers wholesale and retail services to customers. She is able to make 100,000/= (Ugandan shillings) in profit every week. She has been in business for 8 years earning her enough experience to handle her customers well. She is the only one with this business in the area. She would like to expand further and use a trailer to offload instead of a truck. She hopes her child can study and take over her business after she is gone for better management and increased income. She needs a loan to purchase soda for her inventory.
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