Balitwegomba Women's Group, Jinja
With huge reserves of courage and conviction in tow, Juliet, in the midst of all this, made up her mind to start a retail shop in Buwenge, Jinja. She decided to dispense with the soft drink business she had all along banked on as her main source of livelihood.
Juliet’s hard work ethic spawned an unprecedented growth in her business profits. As her niche grew, so did the profits accruing to her business. In a week, she reveals her business generates 500,000 Ugandan shillings. With this income, this married lady has gotten into a steady stride in terms of fully providing for all her four children. Juliet has also been eking out supplementary profits from her poultry and commercial motorcycle businesses.
With this loan, Juliet wants to rejuvenate her retail shop with more merchandise like sugar, soap, bags of rice, etc.
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