Bring Ambercourt To Unite Group [Bamu], Jinja
For this single 24-year-old, it was time to cast his mind to the future. Dan knew he had to extricate himself out of this problem. His decision to take up this business was based partly on the fascination Ugandans have with chapati rolled egg omelets and the fact that he needed to find a stable and more convincing livelihood.
For the last five years, Dan has shown resilience in stemming the tide of financial and other challenges to his fledgling business that have cropped up. His hard work has been paying dividends as he has been making profits close to 30,000 shillings a week. With his determination the future looks promising.
Dan is planning on expanding his business through the purchase of more bags of chapati baking flour with the assistance of this loan.
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