Kweterana Women's Group, Ntungamo
Edisa’s main challenge has been having a small stock due to the hindrances of low capital input into her business. This loan will help her buy fishing nets and increase her stock to match her customers’ demand.
Edisa thinks of commercializing her business and expanding it which will enable her to earn more revenue and be able to pay school fees for her four children and other dependents, and cater for other family needs.
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