Gwali Mutala Women's Group, Mpigi
Eva was prevailed upon by one of her friends to start this business after the friend realized that Eva was at her wit’s end. With a sense of determination she got started and at present she makes close to 80,000 shillings a month. She also does some subsistence farming to add to her income.
With this loan, Eva is upbeat that she will purchase more bananas for making her local banana-brew drink.
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