Kyogaya Women's Group Of Jinja
Before venturing into her current business, Betty was employed by a high-profile textile factory. It is from here that she learnt her seamstress skills. She points out that the education of her children is a milestone she always cherished to achieve. In this time of running her own business she has minimally broken the back of that dream.
With this loan Betty wants to buy more drinks for her bar and also buy sewing machines.
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