Banda Development Group 1, Mukono
Deborah has been operating her businesses for the last six years. A problem of street hawkers (vendors) dissuading her prospective clients is one she has had to come to grips with in this course of time. As a result, she has experienced a significant drop in her finances over some period of time.
Deborah reckons she makes close to 400,000 shillings a month. What has made her last in her business has been the good rapport she has struck with her remaining loyal clients. Her dream is to expand her boutique. She says this loan will help her maintain her stationery shop with more stock.
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