Tweyambe Group Of Jinja
In Wairasa, Jinja district, where Rebecca operates from, she has earned a reputation as a forthright businesswoman who clients can rely on. As a positive consequence, her profits have been increasing as manifested by the 20,000 shillings she earns on a weekly basis.
Rebecca is anticipating making further progress in her business endeavors on the acquisition of this loan. With this loan, she says wants to rejuvenate her business by purchasing more fresh fish supplies every week. She also wants to restock the crafts section in her shop.
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