Agali Awamu Kikajjo Group, Kampala
Enid has had a salon on Namaruba stage in Namasuba for 6 years. Through good customer care, together with the help of loans, she has been able to have enough stock in her salon. She hopes to have a first-class salon in the future, plus have a good and rich family. Some of the challenges she faces in her salon are the capital and power shortages. However, this does not stop her from requesting another loan to help buy braids and weaves for plaiting her customers’ hair.
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