Ngandu Development Group, Mukono
Mary sells dairy products in Mbale, Mukono district. She has been doing this for the last twelve years and has had to remain strong in the face of challenges. However, her friendly nature has always been her strength, as her loyal customers have always been at her beck and call.
Mary’s future business plan of action is to buy more cows to increase her dairy sales and to be able to expand her business which is still small scale. Her hopes are high that with this loan, she will be able to see her dreams come to fruition.
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