Ntungamo Tukore Group B, Kihihi
Alice has a grocery store where she sells mostly fruit and vegetables and, although she is faced with price fluctuations and poor seasons, she is in a better position to take care of her family. She ensures that she has attractive produce on display and this has helped her increase her profitability. She ensures that her family is happy and together.
Alice will need a loan to be able to increase her stock for business expansion.
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