Twegatte Women's Group, Kampala
The future business prospects for this married mother of two are looking good, going by the 400,000 shillings Sarah makes in a month and the experience she has now gained. Her business has seen success in subsequent years because of the demand by many people for traditional wear, clothes she starting making five years ago.
Sarah’s two children have both completed school, courtesy of her business. Throughout these fifteen years in business, her reliable recourse has invariably been her good customer care skills.
With this loan, Sarah is upbeat with conviction that she will be able to buy some additional sewing machines to add to those she already has.
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