Zibula Atudde Women's Group, Mityana
This affably welcoming married father of three now reckons his long-term success is on the horizon, given the short-term hurdles he has overcome and the reciprocal relationship he has with his clients. This common cause he shares with his clients has enabled his business to make strides. This is manifested in the 280,000 shillings he makes monthly.
All of Edward’s three children and two dependents are in school. With this loan, Edward wants to buy more produce like maize, groundnuts (peanuts) and beans.
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