Kikubo Traders And Poultry-Keeping Association, Rukungiri Group
All along, however, U. Doreen, a married mother of four, had been nursing a dream to start a clothes boutique. A business like this, she knew, requires good customer relationship skills and Doreen has strived to achieve success in that regard, in the course of time. Experienced decision making has also been her other success attribute.
Profits have been steadily accruing to Doreen’s business and, at present, her weekly profits stand at 200,000 shillings. Her hardworking nature is always a factor that she says is going to help her expand her business. She says she wants to expand her operating area and operations eventually. She sees this coming to pass on the back of acquiring this loan.
Given the high demand for cheap secondhand clothing in rural areas across the country, Doreen's chances of achieving prosperity are at least ten to one. It’s only time that she says is the limit.
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