Abateesa Kabowa Group, Kampala
The reality of taking care of all these children without the support of her late husband has been a hard one to look in the face. It has been incumbent upon her to nurture, clothe, educate and provide food to them. This business has in many ways been her recourse despite the paltry 800,000 shillings she makes in a month. Paltry in the sense that she also has relatives looking up to her.
Combining the two tasks has been a tall order but, thanks to her pragmatic and philosophical attitude towards issues, she has made lots of headway. What has also helped has been the fact that she has been eking out other invaluable profits from her farming business. She started off her business journey with a now-closed hardware shop.
With this loan, N. wants to principally purchase more cosmetics and other popular retail goods for her shop.
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