Kyosimba Onanya, Kibuga, Mpigi Group
This hardworking woman has been running her business for eleven years now and attributes her success to the return value chord she has struck with her customers. Her monthly cash inflow projections are at 100,000 shillings.
With this loan Sarah thinks she can increase what she earns in a month by almost 50%. Her mission is to expand her retail business in the short term by restocking her shop with more general merchandise.
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