Mpungwe Aliseeka Group Of Jinja
Different school head-teachers in Jinja have been flocking to her work station to buy her maize product which she stores in plenty after the harvest season. Since she began, she has been making steady profits in the range of 200,000 to 250,000 shillings per week.
With the hard work ethic she embodies, Hasifa’s future business prospects are looking favorable every passing year. This being her first loan, she is gleefully optimistic that it will be invaluable in helping her buy more bags of maize.
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