Agalyawamu Busimbi Members Group, Mityana
At length, Jane’s good customer-care skills have lent her that countenance in establishing a lasting relationship with most of her clientele. She reckons a bright future beckons on the horizon for her business as she will be able to significantly expand her business with the support of this loan. She also wants to give all her children a quality education.
With this loan, Jane wants to purchase more quantities of produce like maize, beans, cassava, yams and cabbages.
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