Kagera Women's Group, Jinja
Aisha has endeavored to go with the tide as she plies her six-year-old produce-sales business in Kamuli, Jinja. She has established a niche for herself selling mostly maize and beans to market vendors. There is a semblance of the progress that she envisaged at the threshold, as her clientele increases.
Long before she even thought about starting this business, Aisha was mostly into odd jobs, principally working in a modest local-area bakery. At present, she makes profits to the tune of 280,000 a month. She has also been eking out profits from her farming business.
With this loan, Aisha is upbeat about the prospect of expanding her business through substantial purchases of crops like maize, beans and potatoes.
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