Kanvenkoto Development Group, Mukono
In doing this business, Justine has to grapple with a number of challenges including a limited capital flow. However, with her good customer care skills she has been able to discern some small improvements. For example, she says she usually makes almost 40,000 UGX a week.
Justine is optimistic she will be able to open up a boutique and provide for all her children’s education needs under the auspices of this loan system.
Justine appears at the top left in the small photo and also in the group photo.
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