Alitubeera Development Group, Mukono
With her persistence in the face of the many adversities that single mothers face, Eron has been able, against all the odds, to last in her business for eight years and fully support her dependents. In this period, she has been able to consolidate her business and she currently earns 100,000 shillings per week.
Eron needs this loan to expand her business by stocking her stationery shop with more books, reams of paper, pens and many other items as she also completes payment of her dependents’ school fees.
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