Kihumulo Twimukye Women's Group, Mubende
Lauben’s current setback is lacking additional capital for purchasing salon materials like shampoo, hair oils and a drier, basically demanded lady customers. He works on both ladies' and men's hairstyles and he is grateful that he learnt the trade first and now he is a pro and customers like it.
This loan will help Lauben in buying a new drier for his salon. Lauben appears at the top left corner in the small photo just like in the big group photo.
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