Tufube Women's Group, Jinja
With the financial proceeds from her business, this happy-go-lucky married mother to eight buoyant children has, in a way, extricated herself and her family from the poverty trap that so often is commonplace in Africa. Her retail shop grew out of her earlier business – a small grocery shop that existed at the threshold of 2000.
Betty has gotten herself into a satisfactory rate of progress in her enterprise and at present she makes profits to the tune of 120,000 shillings per week. With this loan, she wants to purchase more retail items like soap, maize flour and salt.
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