Mukisa Women's Group, Lugazi
Teddy operates a bar in Namataba, Lugazi, infamously known for its sale of that highly favored delicacy. Though frowned upon as an unorthodox means of earning a living by some sections of society, it is a roaring business that brings in good profits - that’s if you are taking the example of Teddy.
Teddy also sells pork to her customers which goes hand-in-hand with the beers they buy. She has been running this business for the last eight years and she cites the scarcity of pigs as a major inconvenience for her business. On a weekly basis, she makes 30,000 shillings and 50,000 shillings respectively from her businesses.
The reputation of Teddy’s business has also largely been enhanced by her hygienic operating environment. With this loan she wants to purchase more stock for her growing business.
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