Dembe Development Group, Kayunga
Over the years, she has seen her restaurant grow from a very small restaurant to its current state where she is even able to sell cold drinks like sodas and juice and water to her customers. She prepares breakfast, lunch and supper and she has a large number of customers that come because of her cooking skills and her good customer care.
Rukia needs a loan to be able to stock more foodstuffs and drinks for her restaurant.
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