Balibaseka Development Group, Mukono
In Seeta where Christine has been operating from for the last twenty years, her reputation has gained currency. This is on the grounds of her impressive business line of operation. Her customer base has grown by leaps and bounds over the years as a result of her exemplary customer relationship skills. Her only let down has been customers who pay her in kind and in installments.
In a month, Christine calculates she makes 100,000 shillings. By her own account, this is not enough for her to achieve her dreams of expansion. She is very optimistic that, with a loan, there will be a favorable turn in her circumstances.
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