Ihuriro Women's Group, Ntungamo
Times have changed, however, as the business now is showing diminishing returns due to hard financial times. Jowelia now makes 120,000 Ugandan shillings in a month. This is in contrast to what she was making at the beginning.
There is always a story associated with people in western Uganda who, despite laboring under such tough times, find a way of educating their children. Jowelia is no exception to this. She has not given up despite this and it’s partly the reason why she is still in business.
What Jowelia is looking forward to now is the prospect of enhancing her business by buying more maize, beans, rice, millet, cassava and other crops with the assistance of this loan. This will help improve her revenue and also put her in a better position to pay her children’s school dues in the future.
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