Bring Ambercourt To Unite Group 5, Jinja
Aisha’s business in Amber Court market, Jinja, has had its fair share of troubles but Aisha has not buckled under the pressure, knowing what is at stake in reference to her family’s welfare. She has five children to take care of and all her children are in school, though at first glance, her paltry profits of 45,000 shillings a week would make one think she is incapable of handling her family tasks.
Aisha was introduced to her business by a close friend and, like any other business, the start was tough as Aisha did not have sufficient capital to buy all the crops she wanted to sell. With a decade's experience behind her, Aisha's optimism is sky high. At first,she was selling only bananas but, at length, she realized she had to diversify into selling other highly favored foods, too.
Aisha is looking at expanding her business with this loan. That, in essence, means buying produce like bananas, cassava and potatoes that she intends to sell. She is elated that she is going to establish a strong niche for herself after she gets 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