Committed Women's Group, Kampala
After overcoming the grief that came in the wake of the untimely death of her husband, Zaituni embarked on a business venture she envisaged would help her shoulder her late husband’s responsibilities – she began a restaurant business along Buganda Road in Kampala city. On the grounds of her resilience, determination and diligence, her business has now lasted fifteen years.
Zaituni’s odds of further future success are more than 10 to 1, owing to the semblance of high customer interest in her restaurant. In a month, she says she makes profits in the range of 200 to 250 thousand shillings.
With this loan, Zaituni wants to buy more furniture like chairs, tables and cutlery for her expanding restaurant 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